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India, EAEU Set Quarterly Regulator Talks to Advance Goods FTA

The 18-month roadmap signed in August now directs sector-focused work under the goods track, with services and investment slated for later review.

Overview

  • Commerce secretary Rajesh Agrawal met EEC trade chief Andrey Slepnev and Russian deputy minister Mikhail Yurin in Moscow to review next steps on the proposed IndiaEAEU pact.
  • Both sides established a quarterly regulator-to-regulator mechanism to address certification, agricultural and marine listings, monopolistic practices and other non-tariff barriers.
  • Talks identified time-bound pathways in pharmaceuticals, telecom equipment, machinery, leather, automobiles and chemicals to convert plans into contracts.
  • Officials discussed practical steps on logistics, payments and standards to improve predictability and ease of doing business for firms in both markets.
  • The process proceeds under an 18-month ToR signed on August 20, with leaders maintaining a $100 billion India–Russia trade objective for 2030.