India and Eurasian Economic Union to Begin Trade Talks in 2025

India will initiate trade negotiations with the Eurasian Economic Union (EAEU) later this year, as informed by the Russian Trade Representative in India. The negotiations will aim at creating a Free Trade Agreement (FTA) between India and the five-member bloc of Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan2.

 

Major Highlights of the Trade Negotiations

Outlook on the Trade Talks

The future negotiations represent a monumental leap in India's external trade policy. While the EAEU promises access to a $2.4 trillion economy, the FTA has the potential to open Indian exporters and investors to new horizons. Besides, the deal is predicted to enhance geopolitical relations between India and Eurasian countries, solidifying India's status as an international trade major player.

 

Sources; Hindustan Times, Business standard, Economic Times