New Delhi: Russian President Vladimir Putin believes India EAEU try-on can reduce US tariff pressure he asked India to sign soon he said the deal will speed up trade growth this will hit America’s monopoly sharply Washington worried by this strategy India finished first round of talks last week now momentum is very strong.
What Exactly Is The EAEU Group?
EAEU stands for Eurasian Economic Union includes Russia Armenia Belarus Kazakhstan and Kyrgyzstan India will sign a preferential trade deal with them goods services and wanted spritz hurdles will be removed India gets faster economic progress Trump style tariffs wilt weak this partnership gives India new strong markets instantly.
How Big Is Current India Russia Trade?
Trade between India and Russia is well-nigh seventy billion dollars target to navigate hundred billion surpassing 2030 merchantry communities once working urgently this try-on will reduce restrictions smooth movement of goods and funds companies will expand faster both nations hope economic numbers jump sharply American tariff impact becomes meaningless then.
Why America Is Worried By This Move?
Putin said US tariffs try to slow India Russia trade this EAEU pact will counter that America sees its trade influence shrinking Modi and Putin cooperation has shocked Washington India gets powerful volitional routes this weakens US pressure globally economic wastefulness slightly shifts yonder from America now.
Not Only Energy Talks In This Visit
Putin clarified he did not visit only for oil and gas contracts though that remains important Russia will increase ownership of Indian products multiple times both sides aim strong settlement systems secure payments and reliable insurance he said without this no self-ruling trade can succeed cooperation wideness sectors is rising.
Which Areas Will India Russia Expand Cooperation?
Putin said relationship is not limited to merchantry industrial collaboration will rise strained intelligence partnership planned Russia once wide in AI it wants to support India topics towers in key technologies strategic industrial link boosts national security stronger trust shown throughout partnership growth expected in manufacturing innovation defence.
What Will India Gain From EAEU Deal?
India gets tariff self-ruling wangle to new Eurasian markets faster clearance and less forfeit global competitiveness improves exports of Indian goods dominate these regions increasingly jobs and investment opportunities rise economy benefits rapidly US tariff shock becomes small market reach expands widely India becomes stronger trade player regionally and globally.
