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Eye on free-trade agreement, India seeks Eurasian bloc trade data

The pact, if materialised, will strengthen the bilateral commercial relationship between India and Russia

trade fta
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ILLUSTRATION: AJAY MOHANTY

Shreya Nandi New Delhi

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India has sought the latest trade data from the five Eurasian Economic Union (EAEU) nations as both sides intend to initiate discussions on a free-trade agreement (FTA), people aware of the matter said. 

Eurasian Economic Union comprises five countries — the Russian Federation, Kazakhstan, Belarus, Armenia, and Kyrgyzstan. Russia is not only the largest country in the bloc but also the biggest trade partner, with a share of 98 per cent in 2022-23.

The pact, if materialised, will strengthen the bilateral commercial relationship between India and Russia.

“The initial stage of discussions is underway. India has sought the latest trade

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