Indian Minister of Commerce and Industry Kamal Nath said that India was looking forward to Russia's early accession
India has given its consent to Russia's accession to the World Trade Organization, Indian Ministry of Commerce said here Monday.
Besides, both sides set up a Joint Study Group (JSG) Monday to finalize a roadmap for increasing the bilateral trade turnover to 10 billion US dollars by 2010, according to the Indian Ministry of Commerce.
Indian Minister of Commerce and Industry Kamal Nath said that India was looking forward to Russia's early accession to the WTO for further cooperation in the multilateral trade forum on the basis of mutual benefit.
Memorandum of Understanding (MOU) was signed by Indian Minister of Commerce and Industry Kamal Nath and Russian Minister for Economic Development and Trade German Gref.
The MoU provides for the setting up of a Joint Study Group (JSG) with a view to examining the feasibility of signing a comprehensive economic cooperation agreement (CECA) between India and Russia, besides envisaging increase in bilateral trade turnover to 10 billion US dollars by 2010.
