India hopes to commence EEU-FTA negotiations early next year
The Dollar Business Bureau Expressing satisfaction on the progress made in India- Eurasian Economic Union (EEU) free trade agreement, India and Kazakhstan on Friday hoped that the process of obtaining internal clearances would be completed by December-end, thereby paving the way for the commencement of formal trade negotiations in early 2017. India and Kazakhstan agreed that early commencement and conclusion of formal negotiations on FTA would serve to boost bilateral trade. The two sides also discussed the current state and prospects of development of Indian - Kazakh economic and trade cooperation, while also exchanging views on the possibilities of expanding bilateral cooperation. The two countries held India - Kazakhstan joint working group on trade & economic cooperation in New Delhi on December 22-23, and agreed ...
Expansion of Eurasian Economic Union a new opportunity for India
The Dollar Business Bureau The Prime Minister, Shri Narendra Modi meeting the President, Shri Pranab Mukherjee on the occasion of his ceremonial departure for the State Visit to Sweden and Belarus, at Rashtrapati Bhavan, in New Delhi on May 31, 2015. Source: PIB. Government of India. The expansion of Eurasian Economic Union (EEU) has the potential to open new trade avenues for India and other countries in the Southeast Asia. The new economic bloc came into force in January this year, after an agreement between Russia, Belarus, and Kazakhstan. Later, Armenia joined the forum, while Kyrgyzstan is in the process of becoming a member of this group. Strategic and trade analysts say that the new forum could be an effort ...
