India likely to enter into FTA with EAEU countries
The Dollar Business Bureau The Joint DGFT of Mumbai has issued an official communique TRADE NOTICE NO.1/2018 today notifying that the Indian Government intends to enter into an Free trade Agreement, this year with the Eurasian Economic Union (EAEU) consisting of countries Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. Through the notification the Department of Commerce intends to conduct a stakeholder’s consultation with various business houses of Mumbai, trading bodies, Ministry of Industries and the Govt of Maharashtra to understand the challenges/benefits that the FTA could generate. This is specific to the firms located in Maharashtra. According to the notification the DGFT feels that some sectors could be affected due to the India-EAEU FTA. These being Agricultural products (especially Fish products, coffee, oil cakes ...
'India-EAEU free trade to be operational by 2020 '
The Dollar Business Bureau Prime Minister Narendra Modi and Russian President Vladimir Putin at a restricted meeting in Kremlin, Russia A free trade zone between India and the Eurasian Economic Union (EAEU) should be up and running by 2020, a senior Russian official said even as Prime Minister Narendra Modi and Russia’s President Vadimir Putin were getting ready to discuss ways to renew trade ties. The Prime Minister, during his recently concluded two-day visit to Russia, emphasised the need to conclude the free trade agreement and stressed that the development will benefit the entire Central Asia region. “We are moving forward on the India-Eurasian Economic Union Free Trade Agreement. This will also benefit us in Central Asia,” Modi said at the ...
