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Maksim Oreshkin: “Russia and India are going to remove trade barriers”

Источник:Минэкономразвития России
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Дата документа:17 ноября 2017 г.
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Maksim Oreshkin, Minister of Economic Development of the Russian Federation, held talks with Suresh Prabhu, Minister of Trade and Industry of the Republic of India.

They discussed relevant issues related to trade, economic and investment cooperation between Russia and India.

Participants of the meeting pointed out that a large-scale increase in the trade in agricultural products would promote the increase in the trade turnover. Maksim Oreshkin said about Russia as one of the leading wheat exporters, and also mentioned that India currently imported large quantities of the product. He added that Russia was ready to increase the supply of sunflower, soybean and rapeseed oils, which take a significant place in the structure of India's imports.

The Ministers agreed that establishment of a bilateral working group on cooperation in the field of agriculture within the framework of the Intergovernmental Commission’s mechanism could enhance the interaction in the sphere of agricultural and industrial complex.

The Ministers discussed the issue of removing all restrictions and barriers in the trade, economic and investment spheres. Maksim Oreshkin drew attention to the fact that India was taking the leading place among the partners of the Russian Federation in terms of the number of protective measures applied to the Russian goods, as well as proposed to establish a bilateral mechanism for regular consultations in order to remove such restrictions and barriers.

Moreover, the Heads touched on the prospects of developing a Free Trade Agreement between the member states of the Eurasian Economic Union and the Republic of India and holding consultations on the issue.

The Ministers agreed on the organization of the bilateral Round Table, which would be dedicated to the development of interregional cooperation, during the St. Petersburg International Economic Forum to be held at the ExpoForum in St. Petersburg on May 24-26, 2018.

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