Boosting Bilateral Trade: India and Russia's $100 Billion Goal by 2030

Tuesday, 9 July 2024, 16:27

India and Russia are aiming to increase their bilateral trade to over $100 billion by 2030 through the use of national currencies, expanding trade routes, and enhancing cooperation in energy, agriculture, and other key sectors. The agreement, unveiled at the 22nd Annual Bilateral Summit in Moscow, emphasizes the removal of trade barriers, streamlining customs procedures, and fostering investments and collaborative projects. Humanitarian and cultural ties are also central to the partnership.
Economictimes
Boosting Bilateral Trade: India and Russia's $100 Billion Goal by 2030

India and Russia: Strengthening Bilateral Trade

India and Russia are committed to boosting their bilateral trade to over $100 billion by 2030.

Key Focus Areas

  • Enhancing Cooperation: National currencies and expanded trade routes.
  • Priority Sectors: Energy, agriculture, infrastructure, and digital economy.

The agreement includes measures to eliminate trade barriers, optimize customs procedures, and encourage investments and joint projects.

Humanitarian and cultural collaboration hold significant importance in the partnership between the two nations.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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