India must 'speed up talks' on free trade zone with Eurasian Economic Union

India must accelerate talks on the establishment of a free trade zone with the Eurasian Economic Union (EEU), allowing the country to enter a new market, India’s Minister of State for Agriculture and Farmers Welfare told Sputnik Friday.

India must accelerate talks on the establishment of a free trade zone with the Eurasian Economic Union (EEU), allowing the country to enter a new market, India’s Minister of State for Agriculture and Farmers Welfare told Sputnik Friday.

In June, the EEU and India began free trade negotiations, signing a framework agreement at the International Economic Forum in St. Petersburg.

"India is very keen to have a free trade agreement as it opens up a new market of Eurasian Economic Union countries," Mohanbhai Kundariya said. "We need to speed it up."

The Eurasian Economic Union, comprising Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, aims to foster greater economic integration between its member states, including the streamlined flow of goods, services, capital and labor.

"We have already formed a joint working group. But we want the joint study group to work faster to resolve issues to reach faster the free trade agreement," the minister added.

First published by Sputnik.

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