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India and three-member Eurasian Economic Union have set up a joint study group to explore the feasibility of a free-trade agreement for promoting bilateral trade and investments.
The study group will submit its report within a year regarding the feasibility of an FTA between India and the Eurasian Economic Union — Russia, Kazakhstan and Belarus, Commerce and Industry Ministry said in a statement today.
A joint statement for establishment of a joint study group between India and the Eurasian Economic Union (EEU) was signed during the recent visit of Commerce and Industry Minister Nirmala Sitharaman to Russia.
India is already negotiating the International North-South Transport Corridor Project (INSTC) with Russia to promote bilateral trade.
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