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Foreign Trade Policy in the Context of Current Russian-Indian Cooperation

Author

Listed:
  • Aleksandr Aleksandrovich Tkachenko

    (Finance University under the Government of the Russian Federation, Moscow, Russia)

  • Karina Maratovna Gil`Manova

    (Finance University under the Government of the Russian Federation, Moscow, Russia)

  • Mariya Aleksandrovna Trofimova

    (Finance University under the Government of the Russian Federation, Moscow, Russia)

Abstract

In the article, the authors examine the current issues of Russian-Indian trade and economic relations and note that the mutual trade has not experienced significant expansion. Particular attention is paid to the negotiations on a Free Trade Agreement between the EAEU and India, considering the similar agreements that India has. The importance of air communication between the regions of the Russian Far East and Indian metropolises is emphasized and the need to conclude an Open Skies Agreement is underlined. It is shown that Russia should make longterm decisions on Russian-Indian cooperation, since medium-term decisions do not allow private business to plan strategically and do not take into account the needed changes in the institutional framework, which take time to accomplish.

Suggested Citation

  • Aleksandr Aleksandrovich Tkachenko & Karina Maratovna Gil`Manova & Mariya Aleksandrovna Trofimova, 2021. "Foreign Trade Policy in the Context of Current Russian-Indian Cooperation," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 2, pages 98-111, February.
    • Handle: RePEc:alq:rufejo:rfej_2021_02_98-111
    DOI: 10.24411/2072-8042-2021-2-98-111
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