February 22, 2022
1 min read

‘India aiming for FTA with GCC this year’

Goyal tantalised his audience in Mumbai with the prospect of commercially engaging India with combined nominal GDP of US$1.6 trillion of the GCC countries…writes Krishnan Nayar

Encouraged by the successful conclusion of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India last week, India’s Commerce and Industry Minister, Piyush Goyal, has said the next step is to conclude a similar agreement with the Gulf Cooperation Council (GCC).

Encouraged by the record speed with which the CEPA was negotiated and finalised, Goyal told a meeting in Mumbai that the Indian government “looks forward to conclude a similar economic partnership agreement with the GCC during this year itself”.

ALSO READ: CEPA will give new height to India-UAE economic ties: Om Birla

Goyal tantalised his audience in Mumbai with the prospect of commercially engaging India with combined nominal GDP of US$1.6 trillion of the GCC countries. “We are also confident of our negotiating ability, we have conducted negotiations in a rapid manner with UAE, and we believe that can be replicated with the GCC.”

Nayef Falah Mubarak Al Hajraf, Secretary-General of the GCC, had met Goyal in November last year to discuss commercial relations between the GCC and India.

Previous Story

More Russian troops head to Ukraine border

Next Story

Ideas to kick start your self-love journey

Latest from -Top News

UN slams resumption of Houthi attacks

In the first such incidents for more than six months, the Yemeni group seized and then scuttled two Liberian-flagged bulk carriers operated by Greek shipping firms, leaving four seafarers presumed dead and

Aboulela awarded PEN Pinter prize

Born to an Egyptian mother and Sudanese father, Aboulela grew up in a Khartoum where British colonial echoes mingled with the call to prayer Sudanese-British novelist Leila Aboulela has been named winner

Afghans Flood Home, UN Sounds Alarm

UNHCR head in Afghanistan, Arafat Jamal, said that the country is not well prepared to receive this influx of returnees…reports Asian Lite news The UN High Commissioner for Refugees (UNHCR) has raised

Bangladesh-US Talks Hit a Wall

Bangladesh is among the first nations to return to the negotiating table following Trump’s July 7 letter addressed to 14 countries….reports Asian Lite News The second round of three-day tariff talks between

India Doubles Down on Indo-Pacific

India reaffirms its strategic commitment to a free, inclusive, and rules-based Indo-Pacific under the SAGAR vision…reports Asian Lite Newsa India has reaffirmed its growing engagement in the Indo-Pacific, guided by its SAGAR
Go toTop

Don't Miss

India goes to poll

Simultaneous election for Lok Sabha and assembly will be held

Indian-Americans Thanedar, Jayapal elected to US Congress

If they all win as it seems likely, the strength