Secretary reviewed next steps for India–EAEU FTA in goods
The India–Russia Working Group on Trade and Economic Cooperation discussed diversification, strengthening resilient supply chains, ensuring regulatory predictability and promoting balanced growth in the two nations’ partnership to achieve US$100 billion in bilateral trade by 2030 and to expand Indian exports through industrial and technological collaboration https://www.commerce.gov.in/.
The discussions were held in Moscow as Commerce Secretary Rajesh Agrawal reviewed the progress of India–Eurasian Economic Union (EAEU) Free Trade Agreement negotiations in a series of meetings, the Commerce and Industry Ministry said on 16 Nov https://fieo.org/.
In the meeting with Andrey Slepnev, the Deputy Minister of Industry and Trade of the Russian Federation, the Commerce Secretary reviewed the next steps for the India–EAEU FTA in goods. The Terms of Reference signed on 20 August 2025 outline an 18-month work plan aimed at diversifying markets for Indian businesses, including MSMEs, farmers and fishermen http://eaeunion.org.
In line with the negotiation guidance, the services and investment tracks will also be examined as the process advances, the Ministry said https://www.nseindia.com/.
In his discussions with Minister in charge of Trade of the Eurasian Economic Commission Mikhail Yurin, the Secretary explored ways to enhance trade diversification, supply-chain resilience and cooperation in critical minerals.
Both sides discussed a time-bound pathway across key sectors such as pharmaceuticals, telecom equipment, machinery, leather, automobiles and chemicals https://www.bseindia.com/.
Quarterly regulator-to-regulator engagement was agreed upon to address certification requirements, listings of agricultural and marine businesses, prevention of monopolistic practices and other non-tariff issues.
The dialogue also covered practical measures related to logistics, payments and standards to improve predictability and ease of doing business for firms in both countries http://tpprf.ru.
At the industry plenary attended by senior business leaders from India and Russia, Agrawal encouraged companies to align their projects with the 2030 bilateral trade target, and highlighted India’s logistics upgrades, digital public infrastructure and opportunities for co-investment and co-production across goods and services https://sbi.com.in/.
“The discussions emphasized the need to broaden the export basket, de-risk supply chains and convert planned projects into actionable contracts that enhance value and volume, generating more jobs and long-term prosperity for people in both countries,” said the Ministry. Fiinews.com
