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GS2 · Trade

India and EAEU agree terms to start FTA talks

1 min readRussiaTrade Policy & FTAs
Battle IAS current affairs title card: India and EAEU agree terms to start FTA talks (GS2 · Trade, 20 August 2025)

What happened

  • India and the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia) signed Terms of Reference for FTA talks in Moscow on 20 August 2025 [PIB].
  • India-EAEU trade was USD 69 billion in 2024 [PIB].

Background

  • Next step is formally launching negotiations [PIB].

Why it matters

  • Diversifies trade partners; most of the trade is with Russia.

How to use this in Mains

GS-II Bilateral relations and effect of policies of other countries on India

  1. As per PIB (2025-08-20): india and the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyz Republic, Russia) signed Terms of Reference for FTA talks in Moscow on 20 August 2025.
  2. Diversifies trade partners; most of the trade is with Russia.
Quotable data point

India-EAEU trade was USD 69 billion in 2024.

PIB: India-EAEU ToR signed, 20 Aug 2025

Exam angle

UPSC

Prelims: EAEU members.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

Which is NOT an EAEU member?

Answer (c) & explanation

PIB.

Official source: PIB: India-EAEU ToR signed, 20 Aug 2025

facts from cited sources only; faculty review pending