Jaishankar Outlines Three Proposals to Address $50 Billion Trade Imbalance, Targets $100 Billion Trade by 2030
- External Affairs Minister Dr. S. Jaishankar called for removing non-tariff barriers, strengthening payment systems, and concluding a Free Trade Agreement to boost India-Russia trade to USD 100 billion by 2030.
- Bilateral trade between India and Russia expanded from about USD 13 billion in 2021-22 to nearly USD 60 billion in 2023-24, but the trade imbalance widened from USD 6.6 billion to over USD 50 billion.
- Jaishankar proposed three key priorities for the India-Russia Inter-Governmental Commission: prioritizing tangible outcomes, aligning with private sector needs, and exploring new ways to de-risk and diversify economic ties.
- The India-Russia partnership continues to show resilience and adaptability amid global challenges, with ongoing commitment to economic goals through the IRIGC platform.
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EAM Jaishankar flags steep trade imbalance with Russia; Hails national payment, early FTA as key to USD 100bn trade
Moscow: External Affairs Minister Dr. S. Jaishankar on August 24, Monday called for decisive measures, including the removal of non-tariff barriers, the strengthening of national payment systems and the swift conclusion of a Free Trade Agreement, to push bilateral trade between India and Russia to USD 100 billion by 2030. EAM flags steep trade imbalance; Suggests bridging mechanisms Addressing the 27th India-Russia Inter-Governmental Commission …
‘$100 billion trade by 2030’: Jaishankar outlines 3 proposals to address $50B trade imbalance
External Affairs Minister Dr S Jaishankar addresses the 27th IRIGC-TEC in Moscow and says bilateral trade in goods "increased more than fourfold" from "about US dollars 13 billion in 2021-22 to nearly US dollars 60 billion in 2025-26" while trade imbalance widened from "6.6 billion to over US dollars 50 billion". Jaishankar says "Addressing this imbalance is today one of our foremost priorities" and adds that progress on market access and paymen…
'Targeting USD 100 Bn Trade by 2030': EAM S Jaishankar Urges Action on Non-Tariff Barriers, Trade Imbalance With Russia
India-Russia trade talks: Jaishankar calls for removing trade barriers, strengthening payment systems and fast-tracking an FTA to reach $100 billion trade by 2030.
Targeting USD 100 bn trade by 2030: EAM S Jaishankar urges action on non-tariff barriers, trade imbalance with Russia - The Tribune
External Affairs Minister S Jaishankar on Monday called for decisive measures, including the removal of non-tariff barriers, the strengthening of national payment systems, and the swift conclusion of a Free Trade Agreement, to push bilateral trade between India and Russia to USD 100 billion by 2030.
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