What are the measures taken by India and Russia to boost bilateral trade
India and Russia aim to increase bilateral trade to $100 billion by 2030.
- Increased focus on sectors with high potential like defense, energy, technology, agriculture, and pharmaceuticals.
- Established Joint Study Group to identify and remove trade barriers.
- Enhanced cooperation in banking and financial services to facilitate trade and investments.
- Joint working group on customs and easing market access for products.
- Explore opportunities in new areas like digital economy and startups.
- Regular high-level meetings and dialogues to discuss trade issues and opportunities for collaboration.
- Promotion of Small and Medium Enterprises (SMEs) through various initiatives and partnerships.
Answered
10 months ago