EAEU–India: A Strategic Partnership

EAEU–India: A Strategic Partnership

1 June, 08:30–10:00

Economic ties between Eurasian Economic Union (EAEU) member states and the Republic of India have a long history and solid foundations. The strategic partnership that exists between the two sides is enabling comprehensive trade relations to be developed. This event represents an opportunity for a direct dialogue, through which current issues in and prospects for economic collaboration can be examined, together with steps to achieve optimal conditions for further development, particularly against a background of trade liberalization that is opening up new business opportunities. Consolidated, practical proposals for increasing economic integration on the basis of predictable and long-term regulations can also be formulated. Suggested topics for discussion in this context include trade regulation, standardization of administrative procedures, removal of trade barriers, support for trade and investment flows, and cooperation in technology and manufacturing. Business enterprise and its practical and ever-increasing demand for the development of an effective market which functions according to clear rules form the basic foundation for the creation of a high-quality business environment.


Key moments

There are important factors about collaboration between EAEU and India: rate structure related to the agricultural products, import, export, and phytosanitary measures.
Chandrajit Banerjee
Director General, Confederation of Indian Industry
Free trade could become a very significant driver for Indian economic development.
Veronika Nikishina
Member of the Board, Minister in Charge of Trade, Eurasian Economic Commission
Creating a free trade area is a highly topical subject. Lifting barriers, relaxing conditions for market entry and opening up certain markets will improve the cooperation and trade turnover between Russia and India.
Viktor Khristenko
President, Business Council, Eurasian Economic Union (EAEU)
We must strive to find something new in Indo-Eurasian relations that would shape the image of tomorrow. There are at least two such things: the infrastructure and digital transformation.
Viktor Khristenko
President, Business Council, Eurasian Economic Union (EAEU)
On both sides, import and export should be easy so it is important to build the corridors that will lead not only to trade profit increase but also to transport cost decrease.
Ramesh Abhishek
Secretary, Department of Industrial Policy and Promotion, Ministry of Commerce and Industry of the Republic of India
For Russian exports, India is a priority market with a huge and yet untapped potential.
Nikita Gusakov
member of the board, managing director, Export Insurance Agency of Russia