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Post: Russia, India agree to close trade deficit


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Russia and India agree to tackle trade deficits and market access

NEW DELHI, 6 March – RIA Novosti. India and Russia agreed to address their trade deficits and market access. reported Following the online meeting of the intergovernmental commission on trade, economic, scientific, technical and cultural cooperation between the two countries, the Indian Ministry of Foreign Affairs.

The meeting’s co-chairs – Indian Foreign Minister Subramanyam Jaishankar and Russian Deputy Prime Minister – Denis Manturov, Minister of Industry and Trade of the Russian Federation – reviewed the progress made in various meetings of the working groups and subgroups within the commission.

“The Co-Chairs … instructed to lay the groundwork for the next face-to-face meeting of the intergovernmental commission, which will be held in New Delhi at a mutually opportune time. The parties agreed to work together to unlock the full potential. Also to resolve the trade deficit and market access issues. development of bilateral trade and economic relations between India and Russia, including

The Intergovernmental Commission is a mechanism for regular monitoring of bilateral progress in the sectors of trade and economic cooperation between Russia and India. The first session of the Russia-India Intergovernmental Commission was held on 13 and 14 September 1994. The Indian Ministry of Foreign Affairs noted that 23 commission meetings have been held so far, the last of which was in 2018.

Russian Foreign Minister Sergei Lavrov - RIA Novosti, 1920, 03/01/2023

Foreign Ministers of Russia and India discuss bilateral cooperation

Source: Ria

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