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India, Belarus, Kazakhstan and the Russian Federation discussed CECA

Jun 24, 2013 14:31 IST

Anand Sharma, Minister of Commerce & Industry, led an official delegation on 19-22 June, 2013, to the St. Petersburg International Economic Forum (SPIEF) 2013.

The fourth India-Russia Business Dialogue was organized in the framework of SPIEF 2013 which was co-chaired by Anand Sharma and Denis Manturov, Minister of Industry & Trade of the Russian Federation. The Business Dialogue was attended by many prominent Indian as well as Russian companies. Both India and Russia expressed satisfaction in the progress of our bilateral trade and economic relations. Presentation on Delhi Mumbai Industrial Corridor was also made, highlighting the opportunities available for Russian companies in the infrastructure sector and stress placed on Russian companies availing of the vast opportunities available in infrastructure as well as in other identified areas.

On the sidelines of SPIEF 2013, Comprehensive Economic Cooperation Agreement (CECA) was discussed between India and the Customs Union of Belarus, Kazakhstan and the Russian Federation.

India mentioned that there is significant potential for cooperation in areas such as infrastructure development, aviation, power generation, energy, information technology, bio and nano technologies, fertilizer, pharmaceuticals and chemicals, etc.

Quick Digest

Who: Anand Sharma.

Where: St. Petersburg.

When: 19-22 June 2013.

Is this article important for exams ? Yes22 People Agreed
Read more Current Affairs on: India , Russian federation , Belarus

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