The Eurasian Economic Union (EAEU) and India have signed a statement on starting negotiations with respect to a free-trade area agreement, reported RIA Novosti news agency of Russia.
The statement was signed within the framework of the St. Petersburg International Economic Forum, in Russia.
“We are at the beginning of this ‘road,’” said Veronika Nikishina, Minister for Trade of the Eurasian Economic Commission, the executive body of the EAEU. “Such complicated negotiations are usually conducted for several years; for that reason, we don’t know when they will conclude. But we’ll try to do it within a reasonable time; two to three years will be a very successful result.”
The Eurasian Economic Union comprises Armenia, Russia, Belarus, Kazakhstan, and Kyrgyzstan.
