India is set to enter the first round of Free Trade Agreement (FTA) negotiations with the Eurasian Economic Union (EAEU), which includes Russia, in early November 2025, according to sources in the Ministry of Commerce and Industry. This development marks a strategic step in India’s efforts to expand trade relations with the EAEU, leveraging opportunities in exports, imports, and investment across member countries.

The EAEU, comprising Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, represents a growing market for Indian goods, particularly in sectors like pharmaceuticals, engineering products, chemicals, textiles, and IT services. Officials highlighted that the negotiations will focus on tariff reduction, regulatory alignment, and improved market access for Indian exporters.

Meanwhile, the next round of India-EU FTA negotiations is scheduled for October 6-10, 2025, as confirmed by the Ministry source. These discussions aim to resolve key issues in market access, tariffs, and investment protection, building upon previous rounds of talks between India and the European Union. The India-EU FTA is seen as a crucial component of India’s strategy to diversify exports, attract investment, and strengthen economic ties with European nations.

Trade analysts point out that both FTAs are part of India’s broader strategy to expand its global trade footprint. While the EAEU talks emphasize opportunities in Eurasian markets, the EU negotiations focus on high-value exports, services, and investment flows. The simultaneous push with both trading blocs highlights India’s commitment to engage in comprehensive trade partnerships and enhance its competitiveness in the global market.

Experts also note that successful FTA agreements could lead to increased bilateral trade volumes, easier market entry for Indian products, and long-term economic growth. In addition, the negotiations are expected to strengthen diplomatic relations and foster cooperation in areas such as technology, logistics, and energy.

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