India, Russia Fast-Track New Investment Treaty & EAEU FTA

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Sep 10, 2026 19:20

India and Russia are accelerating talks for a new bilateral investment treaty to boost investor confidence and an EAEU free trade agreement, says Piyush Goyal.

India, Russia Fast-Track New Investment Treaty & EAEU FTA

Key Points

India and Russia are fast-tracking negotiations for a new bilateral investment treaty.
The new treaty aims to provide legal certainty for investors from both countries.
Both nations are committed to an early conclusion of talks for an EAEU free trade agreement.
The EAEU FTA is expected to open new markets, including for MSMEs.
Efforts are underway to strengthen local currency settlement mechanisms to reduce trade friction.

New Delhi, Sep 10 (PTI) India and Russia are fast-tracking negotiations for a new bilateral investment treaty (BIT) with an aim to provide legal certainty to investors of both countries, Commerce and Industry Minister Piyush Goyal said on Thursday.

Addressing the India-Russia Business Dialogue here, Goyal also said that both the countries are committed to the early conclusion of talks for the India- and Russia-led EAEU free trade agreement.

The five members of the Eurasian Economic Union (EAEU) are Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

The pact, he said, would open new markets for industries including MSMEs.

"We (India-Russia) are fast-tracking a new bilateral investment treaty to give investors on both sides the legal certainty that projects and businesses look for when they are finalising investment decisions," he said.

"We continue to strengthen local currency settlement mechanisms, because payment friction, more often than tariffs, is what slows trade down on the ground," he added.

Source: PTI By Rediff Money Desk, New Delhi

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