While the free trade agreement (FTA) with the European Union is lingering on for over a decade, India is all set to sign FTA with Eurasian countries (comprise Russia, Armenia, Belarus, Kazakhstan and Kirkistan) in a year.

Speaking at the curtain raiser event of CapIndia 2017, the second edition of the trade exhibition, Sunil Kumar, Joint Secretary, Department of Commerce, said, "The joint feasibility with the Eurasian countries has been accepted by all individual countries. Now, trade negotiation would start soon with all countries in the group."

The trade exhibition is being organized between March 21 and 22, 2017, jointly by Chemicals Export Promotion Council (Chemexcil), Chemical and Allied Export Promotion Council (Capexil), The Plastic Export Promotion Council (Plexconcil) and Shellac & Forest Products Export Promotion Council (Shefexil) under the aegis of the Ministry of Commerce.