India considers accession to Eurasian Economic Union, Kazakh ambassador says

Kazakhstan and India will increase bilateral trade turnover up to $5 billion during the next 2-3 years, The Times of Central Asia reported citing Yerzhan Shaikenov, co-chairman of the Kazakhstan-India Business Council.

“We hope that the Business Council will help increase mutual trade and investments. I expect that in two-three years we will be able to increase bilateral trade to at least $5 billion,” Shaikenov said at the meeting of the council on May 19.

Bulat Sarsenbayev, Kazakh Ambassador to India mentioned the current dynamic relations of two countries, “The trade turnover between Kazakhstan and India rather high, more than one billion dollars, but it is more than all Central Asian republics several times combined. At the same time, both parties understand that we can more. Our cooperation extends, interest is very big. I think, we will be able gradually to bring the economic relations to the level which will satisfy our countries,” Bnews.kz reports.

According to the piece of the Strategy2050 website, he also touched the issue of India’s membership to the Eurasian Economic Union.

“India is seriously considering accession to the Eurasian Economic Union, the signing of the agreement on free trade zone with the EAEU,” he said.