15th March 2024 (10 Topics)
1
Mar
2
Mar
4
Mar
5
Mar
6
Mar
7
Mar
8
Mar
9
Mar
11
Mar
12
Mar
13
Mar
14
Mar
15
Mar
16
Mar
18
Mar
19
Mar
20
Mar
21
Mar
22
Mar
23
Mar
25
Mar
26
Mar
27
Mar
28
Mar
29
Mar
30
Mar
India – Eurasian Economic Union (EaEU) FTA Talks
Context
India is “seriously considering” starting talks for a free trade agreement with the Eurasian Economic Union (EAEU), as per the Foreign Minister of Belarus.
1: Dimension-The Scope of EAEU
- The Eurasian Economic Union (EAEU) is an economic union of five post-Soviet states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia — with an integrated single market.
- Coming into force in 2015, the EEU currently consists of 183 million people and a gross domestic product of over USD 2.4 trillion.
2: Dimension- Impact of India-EAEU FTA
- The agreement is expected to boost New Delhi’s exports to the region, particularly in areas such as engineering goods, electronics and agriculture, making trade more balanced.
- The FTA will help the two partners will help them to collaborate in key areas such as oil and gas, gold and diamond, timber, pharmaceuticals, agriculture, aviation, railways and logistics.
- If the trade agreement is concluded, it will further strengthen relations between India and Russia.
|
Fact Box: Trade Turnover
|
More Articles
Courses
Study
Notes
Home
Resources
More
