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  Wednesday, October 16, 2019
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Russia and India are planning to "triple their trade turnover to 10 billion dollars before the end of 2010"
Russia and India are planning to "triple their trade turnover to 10 billion dollars before the end of 2010," Russian Foreign Ministry spokesman Mikhail Kamynin said ahead of a two-day official visit to India by Russian Prime Minister Mikhail Fradkov. A joint study group for preparing proposals on a draft intergovernmental agreement on comprehensive economic cooperation between the two states will be set up this year, the diplomat said. There are accords on establishing a permanent ministerial Russian-Indian forum on trade and investments policy and trade houses in Moscow and New Delhi. It is planned to sign the relevant agreement shortly. In February, a protocol on India's supporting Russia's accession to the World Trade Organization was signed. "There is "an accord on holding a tripartite meeting between Russian, Indian and Chinese business people in India in March to discuss the implementation of joint projects," Kamynin said. "Cultural ties are developing," the spokesman added, "the parties agreed on holding the Year of Russia in India in 2008 and the Year of India in Russia in 2009."
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