Efforts on to push bilateral trade with Russia: FIEO
ET Bureau May 14, 2025 04:00 AM
Synopsis
The Federation of Indian Export Organisations or FIEO is working to boost trade with Russia. The aim is to increase exports and create a balance in the bilateral trade. Currently, the trade between the two nations stands at $11 billion. An agreement signed last year will help customs recognize secure businesses.
New Delhi: The Federation of Indian Export Organisations (FIEO) Tuesday said efforts are on to increase bilateral trade with Russia and balancing it by facilitating more exports. Bilateral trade is pegged at $11 billion. FIEO president SC Ralhan said a an agreement inked with Russia last year enables Customs to recognise secure and compliant businesses and offer them trade facilitation benefits.
