India Aims to Boost Exports to Russia by Removing Trade Barriers

18 Jul 2024 CW Team

India is actively working to increase exports to Russia by addressing various trade barriers in sectors such as agriculture, pharmaceuticals, and machinery. This initiative seeks to strengthen economic ties and enhance bilateral trade between the two countries.

The government is focusing on identifying obstacles and creating solutions to improve market access. By fostering collaboration, India aims to diversify its export destinations, especially in light of changing global trade dynamics. The strategy is expected to boost trade volumes, bringing economic benefits to both nations.

Efforts include improving infrastructure, streamlining regulations, and encouraging private sector participation. The initiative also seeks to leverage India's competitive advantages in technology and innovation to tap into the Russian market.

Additionally, India plans to hold bilateral talks with Russia to negotiate favourable terms and explore new opportunities. By enhancing trade relations, both countries aim to achieve mutual growth and development, reinforcing their strategic partnership.

The move is part of India's broader goal to expand its global trade footprint, ensuring sustainable economic progress. Through these measures, India hopes to establish itself as a key player in the international market, capitalising on emerging opportunities.

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