🚨🇮🇳🇺🇸 Amid US tariff wars, India is rethinking its trade future.
One option looks especially promising: a Free Trade Agreement with Russia and the Eurasian Economic Union (EAEU).
Financial analyst Paul Goncharoff, explains why🧵👇
One option looks especially promising: a Free Trade Agreement with Russia and the Eurasian Economic Union (EAEU).
Financial analyst Paul Goncharoff, explains why🧵👇
🤔WHAT IS THE EAEU?
Formed in 2015, the Eurasian Economic Union unites Russia, Armenia, Belarus, Kazakhstan & Kyrgyzstan.
With a population of ~185 million people, it aims to create a single market for goods, services, capital & labor — similar in concept to the EU.
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Formed in 2015, the Eurasian Economic Union unites Russia, Armenia, Belarus, Kazakhstan & Kyrgyzstan.
With a population of ~185 million people, it aims to create a single market for goods, services, capital & labor — similar in concept to the EU.
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💸 TRILLION-DOLLAR BLOC
The EAEU has shown dynamic economic potential.
Its GDP jumped from $1.6T to $2.6T, with steady growth in trade, investment, and industry.
Projections: ~6% average growth between 2025–2030.
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The EAEU has shown dynamic economic potential.
Its GDP jumped from $1.6T to $2.6T, with steady growth in trade, investment, and industry.
Projections: ~6% average growth between 2025–2030.
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💲BEYOND THE DOLLAR
The EAEU is largely de-dollarized in internal trade, giving its members freedom to decide where and with whom to do business.
All without the US dollar shadow.
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The EAEU is largely de-dollarized in internal trade, giving its members freedom to decide where and with whom to do business.
All without the US dollar shadow.
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📈RISING HUB
Among the EAEU list of positives are:
◾️Growing common market
◾️Import substitution & innovation
◾️Expanding digital platforms & e-commerce
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Among the EAEU list of positives are:
◾️Growing common market
◾️Import substitution & innovation
◾️Expanding digital platforms & e-commerce
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🇮🇳 INDIA’S EDGE
For India, an FTA with the EAEU means access to this fast-growing bloc while dodging punitive US tariffs.
The current situation highlights India's necessity to de-dollarise, detach from Western financial controls and pursue its own independent future.
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For India, an FTA with the EAEU means access to this fast-growing bloc while dodging punitive US tariffs.
The current situation highlights India's necessity to de-dollarise, detach from Western financial controls and pursue its own independent future.
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🤝 DEAL ON THE TABLE
India and the EAEU have signed Terms of Reference to launch FTA negotiations.
Such a deal could open more markets for Indian exports — pharma, machinery, electronics & more —while strengthening ties with a bloc of 185M people.
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India and the EAEU have signed Terms of Reference to launch FTA negotiations.
Such a deal could open more markets for Indian exports — pharma, machinery, electronics & more —while strengthening ties with a bloc of 185M people.
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