New Delhi, Aug. 21 -- India and the Eurasian Economic Union (EAEU), comprising Armenia, Belarus, Kazakhstan, Kyrgyz Republic and Russia, have signed the Terms of Reference (ToR) to launch negotiations on a Free Trade Agreement (FTA). The ToR was signed by Additional Secretary of the Department of Commerce Ajay Bhadoo and Eurasian Economic Commission's Deputy Director of Trade Policy Department Mikhail Cherekaev in Moscow. The Ministry of Commerce and Industry, in a statement, said that the proposed FTA will boost exports, support Micro, Small and Medium Enterprises (MSMEs) and diversify market access.
During the signing ceremony, both sides noted that trade turnover between India-EAEU reached 69 billion dollars in 2024, registering a 7 p...
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