EAEU consists of five countries; Russian Federation, Kazakhstan, Belarus, Armenia and Kyrgyzstan.  

The foreign trade policy of India is based on two major objectives, they are as follows:

(i)                    To double the percentage share of global merchandise trade within the next five years.

(ii)                  To act as an effective instrument of economic growth by giving a thrust to employment generation.

 Other Objectives:

 -          To provide a stable and sustainable policy environment for foreign trade in merchandise and services;

-           To link rules, procedures and incentives for exports and imports with other initiatives such as ‘Make in India’, ‘Digital India’ and ‘Skills India’ to create an Export Promotion Mission for India;

-          To promote the diversification of India’s export basket by helping various sectors of the Indian economy to gain global competitiveness with a view to promoting exports;

-          To create an architecture for India’s global trade engagement with a view to expanding its markets and better integrating with major regions, thereby increasing the demand for India’s products and contributing to the government’s flagship ‘Make in India’ initiative;

-          To provide a mechanism for regular appraisal in order to rationalise imports and reduce the trade imbalance.

-          To promote activities on new products with higher value addition particularly in the categories of defence equipment, medical equipment, construction material, processed foods, as also services.