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Indian minister notes urge to redress trade balance with Russia

Subrahmanyam Jaishankar pointed out that "the two economies are complementary," which he said is a key consideration

NEW DELHI, November 11. /TASS/. The balance of trade between Russia and India needs to be redressed, Indian Foreign Minister Subrahmanyam Jaishankar told a joint business forum in Mumbai, adding that it is necessary to remove non-tariff barriers for that.

"The balance of trade [between Russia and India] needs urgent redressal since it is so one-sided. It is imperative that non-tariff barriers and regulatory impediments are speedily addressed for this to happen," he said.

The minister noted that "the two economies are complementary," which he said is a key consideration. "A partnership between an India that has an 8% growth rate for multiple decades ahead, and a Russia that is a key natural resources provider and a major technology leader, will serve both of them and the world well," Jaishankar emphasized.

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India Trade & Cooperation

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