Bilateral trade, defence and hydrocarbons also on agenda

By: | Published: December 8, 2014 1:01 AM

India and Russia will spell out their vision for cooperation in key areas such as energy, trade and defence...

India and Russia will spell out their vision for cooperation in key areas such as energy, trade and defence when PM Narendra Modi and Russian President Vladimir Putin meet on December 11. The visit is expected to impart new dynamism to “special and privileged” Indo-Russia ties and the two sides will be taking stock of the current state of relations, apart from discussing ways to significantly enhance bilateral trade from the current  $ 10 billion.

“President Putin’s visit is a landmark event and is expected to provide fresh impetus to the existing bilateral relations between the two countries. The dominant theme of this summit will be the spelling-out by the two leaders a joint vision of our relationship for the next decade,” Ajay Bisaria, joint secretary (Eurasia), MEA, said.

The vision document will provide a road map to enhance partnership between two countries to a “qualitatively new level” in nuclear energy, hydrocarbons, trade and defence. During Putin’s day-long visit to New Delhi, 15-20 pacts may be inked by the end of talks. On enhancing trade, the sources said talks are on to have a free trade area pact with an “integrated Eurasian space” besides working on a transport corridor through Iran, which will bring down the transportation time.

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