Trade Agreement Between India And Russia

The Russian Rossotrudnichestvo Representation (MMR) founded five Russian Science and Culture Centres (RCSC) in India in 1965, including New Delhi, Mumbai, Calcutta, Chennai and Trivandrum. [98] THE director of the MMR and director of RCSC, Fyodor Rozovsky, expects the cultural ties between the two countries to develop. [98] He and other officials also expect that the number of Indian students studying in Russia will increase as soon as the two countries sign an agreement on joint recognition of university degrees. [99] [100] [101] There is a Hindi department at Moscow University with five indology chairs in Moscow, St. Petersburg, Kazan and Vladivostok. 3. India is also considering a free trade agreement/ECSC with the Eurasian Economic Union. The Eurasian Economic Union is one of the main emerging economic blocs and India is working more closely with Russia and the CIS countries to intensify our trade and economic cooperation with the region. On 18 June 2015, India and the Eurasian Economic Union signed a joint declaration establishing a Joint Feasibility Study Group (JFSG) for a feasibility study on the proposed free trade agreement/CECA between India and the Eurasian Economic Union. The first JFSG meeting was held in Moscow on 31 July 2015 and the two sides are in the process of finalising the draft report of the Joint Task Force. 16. There is a natural complementarity between India and Russia in the trade of rough diamonds – Russia as the main producer of rough diamonds and India as the main processing centre. In order to encourage more direct trade between Alrosa and Indian diamond dealers, Alrosa plans to open an office in the new Special Zone of the Notifie Zone (SNZ) in Mumbai.

Alrosa initially organized the first diamond exhibition at SNZ in December 2015. I am writing to confirm the receipt of your letter today, which is worded as follows: (Not printed) I confirm that the above correctly establishes communication between us. The Indorussian Intergovernmental Commission (IRIGC) is the main body that conducts business at the governmental level between the two countries. [8] Some have called it an odorless relationship steering committee. [8] It is divided into two parts, the first of which concerns commercial, scientific, technological and cultural cooperation. The presidency is normally chaired by the Russian Deputy Prime Minister and the Indian Foreign Minister. The second part of the Commission concerns military technical cooperation, co-chaired by the two respective defence ministers of the two countries. The two parts of IRIGC meet each year. [8] The amendment was reflected in the joint statement entitled « Enduring Partnership in a Changing World, » which contained several concrete plans for the year: « The conclusion of the S400 supply contract; » the first meeting of NITI Aayog, India, and the Russian Ministry of Economic Development; the opening of talks on a free trade agreement between the Eurasian Economic Union (EAEU) and India; The introduction of a single window service in Russia for Indian companies; launch of Russia Plus in India to help Russian companies invest in India; holding the India-Russia Economic Summit; creation of the Far East Agency in Bombay; India-Russia economic cooperation signed: the way forward (March 2018); and the launch of Gazprom`s LNG supply (contract with GAIL).

[58] There have been more than 50 visits to the ministerial level to improve relations.