Free trade agreement .28FTA.29 India–Russia relations
the formal process fta between india , eeu begun @ 2014 indo-russian summit in new delhi.
signing of indian-russian documents @ 2015 indo-russian summit in moscow.
both governments have long viewed bilateral trade below optimal potential, long term way of rectifying through having free trade agreement (fta). both governments have set joint study group (jsg) negotiate specifications of agreement, final agreement signed between india , eurasian economic union of russia part of (also including kazakhstan, armenia, kyrgyzstan & belarus). thereby, indo-russian fta result in bigger free trade agreement including india, russia, kazakhstan, armenia, kyrgyzstan & belarus. predicted once fta in place bilateral trade increase manifold, thereby increasing importance of economics in bilateral ties.
the table below shows recent indo-russian bilateral trade performance:
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