India and EAEU To Convene in Moscow This June for Next Round of Free Trade Agreement Talks
Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan are the five member countries of EAEU.
New Delhi: India and the Russia-led five-nation grouping, the Eurasian Economic Union (EAEU) are expected to hold next round talks for a proposed free trade agreement in June in Moscow. For the next round of talks, the Indian team may visit in June. Issues related to non-trade measures are likely to figure in that meeting, the official said on Monday.
India and EAEU on August 20 last year inked the terms of reference for the agreement. The first round of negotiations was held in November 2025 here. The terms of reference signed on August 20, 2025, outline an 18-month work plan aimed at diversifying markets for Indian businesses, including MSMEs, farmers and fishermen.
Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan are the five member countries of EAEU. The development is important as India is looking to diversify its export markets due to global economic uncertainties.
Russia is the top-trading partner of India in the bloc, with bilateral trade worth $68.72 billion in 2024-25 (exports $4.88 billion and imports $63.84 billion). The high import numbers are due to a jump in crude oil imports.
