India and Eurasian bloc open talks on $6.5 tr trade deal

India and the Eurasian Economic Union have signed terms to begin negotiations on a FTA, a pact that could reshape trade ties with the Russia-led bloc and unlock new opportunities for Indian exporters across energy, manufacturing and servicesreports Asian Lite News India and the Eurasian Economic Union (EAEU) have formally taken the first step towards negotiating a Free Trade Agreement (FTA), a deal that could reshape economic ties with a bloc representing a combined GDP of $6.5 trillion. On Wednesday, officials from both sides signed the Terms of Reference (ToR) that will guide the forthcoming negotiations. The agreement was inked