EAEU Nears Signing Free Trade Agreements with Two New Countries
The Eurasian Economic Union (EAEU) is actively expanding its trade partnerships and is close to finalizing free trade agreements (FTAs) with two additional countries. A high-ranking Russian government official confirmed this development, stating that the new deals would create additional export opportunities for EAEU member states.
Expanding the EAEU’s Trade Horizons
The EAEU already has FTAs in place with Vietnam, Serbia, and Iran, collectively covering a market of around 375 million people. The new agreements are expected to:
- Further improve market access for EAEU exporters
- Create favorable conditions for trade and investment growth
- Strengthen economic integration across Eurasia
Each agreement is tailored to specific trade relations and product categories, ensuring a flexible and mutually beneficial negotiation process.
India Talks: A New Phase of Cooperation
In parallel, the EAEU is preparing to launch FTA negotiations with India—one of the world’s fastest-growing economies. This move could bring significant benefits to both sides:
- For the EAEU – Expanded exports to key sectors of India’s economy, including energy and agricultural products
- For India – Access to Eurasian markets and stronger regional positioning amid growing competition
Official talks are set to begin later this year, highlighting the mutual interest in deepening economic ties.
Opportunities for Businesses
The new FTAs are expected to unlock opportunities for:
- Agricultural and industrial producers
- Exporters of technology solutions and engineering services
- Companies interested in joint ventures
The upcoming agreements, along with progress in India-EAEU talks, will further solidify the EAEU’s role as a key player in global trade.
The EAEU continues to advance its economic integration strategy, and these upcoming agreements mark a significant step forward. With negotiations accelerating in the coming months, major shifts in the union’s trade policy are on the horizon.
