India & Russia Leadership Discusses Scope for Better Trade Collaboration

India should create a more enabling legislative framework to fully tap the immense potential of bilateral cooperation between India and Russia, said the Chairman of ‘Duma’ of the Russian Parliament Vyacheslav Volodin.

Volodin called for an enabling legislative framework to fully tap the immense potential of bilateral cooperation between India and Russia.

A 30 member high level Russian Parliamentary delegation led by Chairman of the State Duma (counterpart of the Lok Sabha) of the Russian Parliament, called on the Vice President M. Venkaiah Naidu and held wide range of discussions on bilateral ties, on Monday.

During the 40 minutes long meeting, both the sides fondly recalled the traditional bonds of friendship between the two counties and the need to further intensify cooperation in the present world order.

The Chairman of the Duma, Volodin stressed on the need for enhancing parliamentary exchanges between the two countries to enable necessary legislative framework to fully harness the potential of India-Russia ties in various sectors.

He urged the Committees of the Parliaments of both the countries to be more proactive in this regard.

He said "There is a need to further build upon the traditional friendship between the two countries for mutual advantage in the fields of economy, human development and cultural cooperation."

Referring to the immense opportunities in the fields of tourism and medical education, Volodin called for addressing bureaucratic delays. He further said that bilateral trade increased by about 21% last year and still there is scope to go much beyond.

Referring to the ‘special and privileged’ relationship and positive engagement between the two countries in various multilateral forums, Naidu said that the 19 bilateral summits between the leaders of the two countries since 2000 and the recent very productive meeting between Prime Minister Narendra Modi and Russian President Vladimir Putin reflect the solidarity between the two countries.

He said the convergence of views between India and Russia on various international and multilateral matters need to be taken forward through parliamentary exchanges.