India and Russia have agreed to a proposal for the setting up of a Joint Study Group (JSG) to study the scope of Comprehensive Economic Cooperation Agreement (CECA) with member-countries of the Customs Union such as Russian Federation, Kazakhstan and Belarus.
This was conveyed in a meeting between The Union Minister of Commerce and Industry, Anand Sharma and Russia's Deputy Prime Minister, Dmitry Rogozin on Wednesday.
Sharma said, seeking to further strengthen the special and privileged strategic partnership and specifically to enhance the economic and investment cooperation between India and Russia on a bilateral basis, have identified investment projects and proposals for special attention.
Bilateral trade between India and Russia stood at US$6.52 billion 2012/13.
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