Gulf Cooperation Council

November launch missed, India-GCC trade talks likely to resume in March

Both sides were expected to launch trade negotiations in November last year

Won't allow sensitive issues to scuttle India-UK trade talks: Piyush Goyal

"With Canada, while they are also not much of a manufacturing base, we have to go into more details. With the UK, it's a manufacturing country on many products. So we have to do it very carefully"

As West Asia looks beyond America, Xi may be headed to Saudi Arabia

Xi will visit Saudi Arabia from Dec. 7-9, when he will take part in a regional summit with Saudi Crown Prince Mohammed bin Salman and other Arab leaders

If delay in FTA talks, GCC nations can join India-UAE trade deal

The clause was added to the agreement to encourage other countries to join the pact, making it a regional agreement, the sources said

India-GCC grouping expects to revive free trade agreement negotiations

Launch date of negotiation not divulged

India, Gulf council to launch free trade pact negotiations on Thursday

India and the Gulf Cooperation Council (GCC) will announce the launch of negotiations for a free trade agreement on Thursday, which aims at promoting two-way commerce and investments between the regions, an official said. GCC is a union of six countries in the Gulf region -- Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain. India's exports to the GCC member countries grew by 58.26 per cent to about USD 44 billion in 2021-22, as against USD 27.8 billion in 2020-21, according to data from the commerce ministry. The share of GCC members in India's total imports rose to 18 per cent in 2021-22, from 15.5 per cent in 2020-21. Bilateral trade has increased to USD 154.73 billion in 2021-22, from USD 87.4 billion in 2020-21. "GCC officials will be here for the announcement," the official said. India has already implemented a free trade pact with the UAE in May this year. This would be a kind of resumption of FTA talks as earlier two rounds of negotiations had been held in 2006 and

India, GCC group to launch free trade pact negotiations on Nov 24

India and the Gulf Cooperation Council (GCC) are expected to launch negotiations for a free trade agreement on November 24 with an aim to boost economic ties between the two regions, an official said. GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. "The FTA will be launched on November 24. GCC officials will be here to launch the talks," the official said. India has already implemented a free trade pact with the UAE in May this year. Commerce and industry minister Piyush Goyal had, on November 16, said that India will be launching a new free trade agreement (FTA) next week. This would be a kind of resumption of FTA talks as earlier two rounds of negotiations held in 2006 and 2008 between India and GCC. Third round did not happen as GCC deferred its negotiations with all countries and economic groups. India imports predominately crude oil and natural gas from the Gulf nations like Saudi Arabia and Qatar, and exports pearls,

India likely to start free trade pact negotiations with GCC next month

India and the Gulf Cooperation Council (GCC) member countries are expected to start negotiations for a free trade agreement next month with an aim to boost economic ties between the two regions, an official said. GCC is a union of six countries in the Gulf region -- Saudi Arabia, UAE, Qatar, Kuwait, Oman and Bahrain. "Terms of reference for the agreement are being finalised and we expect to launch the negotiations next month," the official said. India has already implemented a free trade pact with the UAE in May this year. According to experts, the GCC region holds huge trade potential and a trade agreement would help in further boosting India's exports to that market. Rakesh Mohan Joshi, Director, Indian Institute of Plantation Management, Bangalore, said the GCC market is unexploited by domestic exporters and it holds huge potential. "GCC is a major import dependent region. We can increase our exports of food items, clothing and several other goods. Duty concessions under a tra

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

India signs MoU with Gulf Cooperation Council to facilitate consultation

EAM S Jaishankar signed a MoU with the Secretary-General of Gulf Cooperation Council (GCC) Nayef Falah Mubarak Al-Hajraf on the mechanism of consultations between India and the GCC

Ashok Leyland bags order for supplying 1,400 school buses in UAE

Indian company says deal win by distribution partners 'reaffirms faith' in its buses

Time is ripe for India to explore trade deal with AfCFTA: Commerce Secy

AfCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent

Leaders vow for security, stability in Middle East at Jeddah summit

Hosted by Saudi Arabia, the summit was attended by leaders of the Gulf Cooperation Council, Egypt, Iraq, Jordan and the US

India's bilateral trade with Gulf Council grows at rapid pace, data shows

Bilateral trade has increased to USD 154.73 billion in 2021-22 from USD 87.4 billion in 2020-21

We may consider preferential trade pact with Oman to boost ties: Goyal

India is also under active discussions with Gulf Cooperation Council (GCC) for a comprehensive trade agreement, the Commerce and Industry Minister Piyush Goyal said

India, Oman agree to have joint feasibility study on limited trade deal

The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA)

Gulf states will take at least 10 years to end oil dependence: Moody's

Reliance on the energy sector will be the 'key credit constraint' for the six countries forming the Gulf Cooperation Council (GCC), the ratings agency said in a report on Monday

It's time Gulf Arab States look away from Oil and find new revenue sources

We are approaching an energy inflection point in the global economy: plentiful oil supply, a demand plateau by 2030 and more competitive renewable-energy options

Realty firms see jump in enquiries and purchases by Gulf-based NRIs

Covid-19-induced Job losses in West Asia, falling oil prices, and security of owning a house in one's native country are driving trend, say developers

Working with the Gulf

India must accept responsibilities for its diaspora