Commerce Secretary reviews India–Eurasian Economic Union FTA talks in Moscow
Commerce Secretary Rajesh Agrawal reviewed progress on the India–Eurasian Economic Union (EAEU) Free Trade Agreement in a series of meetings in Moscow, the Commerce Ministry said on 16 November 2025.
Summary
In Moscow, Rajesh Agrawal met Andrey Slepnev, the Eurasian Economic Commission's Minister in charge of Trade, and Russian Deputy Minister of Industry and Trade Mikhail Yurin. The Terms of Reference for the India–EAEU FTA in goods, signed on 20 August 2025, set out an 18-month work plan; services and investment tracks will also be examined later. The talks reflect the leaders' goal of US$ 100 billion in India–Russia bilateral trade by 2030. Both sides agreed on quarterly regulator-to-regulator engagement on certification, listing of agricultural and marine businesses and other non-tariff issues.
Key facts
- Talks
- India–EAEU FTA review, Moscow
- Indian side
- Commerce Secretary Rajesh Agrawal
- EAEU side
- Andrey Slepnev, Eurasian Economic Commission
- ToR signed
- 20 Aug 2025; 18-month work plan
- India–Russia trade target
- US$ 100 bn by 2030
- Agreed
- Quarterly regulator-to-regulator engagement
Practice MCQs 2 questions
The Terms of Reference for the India–Eurasian Economic Union FTA in goods, signed on 20 August 2025, outline a work plan of:
Show answer
Correct answer: B — 18 months
The ToR signed on 20 August 2025 outlines an 18-month work plan.
What bilateral trade target have India and Russia set for 2030?
Show answer
Correct answer: C — US$ 100 billion
The leaders have directed that India–Russia bilateral trade reach US$ 100 billion by 2030.