World Economy

India to Discuss FTA

India to Discuss FTAIndia to Discuss FTA

India is to start negotiating a free trade agreement with the Customs Union of Russia (CUR), Belarus and Kazakhstan within the next six months, Indian Deputy Minister of Commerce and Industry Rajeev Kher has said, RT reported. A Russian-Indian working group which was established in November 2014 will consider the negotiating of a comprehensive free trade agreement between India and the Customs Union. Kher said the working group would put forward proposals within the next six months and the negotiating process would start after that. As most of the developed world in the West is suffering an economic downturn, the developing world has been stepping up efforts to bring their economies closer.