India now sets sights on free trade agreement with Gulf countries – Business Standard

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Gulf countries | FTA | India UAE
Shreya Nandi  |  New Delhi  Last Updated at April 6, 2022 06:05 IST
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After inking trade pacts with the UAE and Australia, India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries as early as May-June to finalise a free trade agreement (FTA) with the group of nations, people aware of the matter said.
GCC is a regional, intergovernmental political economic union comprising six countries — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). An official said that as of now tariff and trade data has been exchanged with GCC nations to explore the possibility of a trade pact. …
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