• Eurasian Economic Union (EAEU) met recently to speed up efforts on proposed Free Trade Agreement (FTA) with India.
• It would give India market access to resource-rich Eurasia.
  • FTA is a pact between two or more nations to reduce barriers to imports and exports among them.

ABOUT EAEU

• The Eurasian Economic Union is an international organization for regional economic integration.
• It came into existence on 1^st January 2015.
• Member states: Armenia, Belarus, Kazakhstan, the Kyrgyz, and Russia.
• The EAEU provides for free movement of goods, services, capital, and labor within its borders.
• It pursues, coordinates, & harmonizes the policies in the sectors determined by the Treaty and international agreements within the Union.