TNPSC Thervupettagam

India, Russia review economic ties

December 24 , 2017 2526 days 1051 0
  • Seeking to strengthen bilateral trade and investment, foreign minister Sushma Swaraj and visiting Russian deputy PM Dmitry Rogozin took stock of economic ties between the two countries.
  • The two leaders co-chaired a meeting of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC).
  • Apart from raising the level of the Joint Working Group on trade and economic cooperation to that of deputy minister/commerce secretary level and creating a mechanism to discuss and remove barriers to trade, if any, the two sides also created working groups to boost ties in agriculture and pharmaceuticals.
  • The two sides also decided to expedite implementation of the Green Corridor for exchange of pre-arrival data between the customs administrations of the two countries.

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