India Russia Comes together to strengthen economic ties

November 17 India and Russia have hold forth ways to improve bilateral trade and investments to strengthen financial ties, the commerce ministry said.

Commerce and Industry Minister Suresh Prabhu met Russia’s Minister for Economic Development Maxim Oreshkin in Moscow yesterday and discussed the existing degree of trade between your countries and ways for its enhancement.

“They also discussed opportunities that the fast growing economy of India offers doing business, especially in the field of developing,” the ministry said in a satement.

Suresh Prabhu is over a trip to Russia from November 15-17, to take part in the Shanghai Assistance Organisation appointment of the ministers of member areas responsible for foreign current economic c

limate and trade.

This is the first ministerial seminar on trade organised by the organisation after India became a full member in June.

Prabhu also fulfilled the Person in Plank (Minister) for Trade of the Eurasian Economic Commission payment (EaEC), Veronika Nikishina and talked about early start of discussions of the suggested free trade agreement between India and the Eurasian Economic Commission rate.

Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan are EaEC users.

A joint feasibility article on the suggested contract was completed this past year. It concluded that the suggested pact is possible and mutually beneficial with significant potential welfare profits and augmentation of trade in goods.

Further, it said Suresh Prabhu participated in a round table discussion with 30 of Russia’s leading business market leaders from sectors including steel, engineering, railways, financial services and nuclear energy.

“The minister informed the gathering about the new initiatives of the federal government of India, especially with regard to help relieve of doing business, priority areas like funding in the nuclear energy sector, natural gas and railways, “stated finally”. RR SBT

source: timesofindia