Russia Calls Trade Deal with India 'Very Important Tool '
Addressing a business forum in Moscow, Overchuk confirmed that the first phase of negotiations had been successfully completed, with talks still actively underway.
"We are quite optimistic about it. If the relevant agreement is signed with India, Russian businesses will have access to a market of 2.2 billion people," he said.
Overchuk pointed to Russia's track record of similar trade frameworks with nations including members of the Commonwealth of Independent States, the Eurasian Economic Union, Vietnam, Serbia, and Iran — positioning the prospective India deal within a broader strategy of expanding preferential trade partnerships.
He characterized such agreements as a "very important tool," acknowledging that Russia must sharpen its ability to leverage them more effectively.
"They allow us to secure better access to new markets and obtain a reverse flow of imports, which benefits our consumers and improves competition in the domestic market," he added.
The remarks build on momentum established in December, when Russian President Vladimir Putin, during a state visit to the South Asian nation, announced that Moscow and New Delhi were jointly targeting $100 billion in bilateral trade — a goal underscored by what he described as already record-breaking trade volumes between the two countries.
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