India and the Gulf Co-operation Council (GCC) will commence negotiations on a free trade agreement (FTA) in November, Indian government officials said on Monday, October 31.
They said that the terms of reference of the agreement are being finalized and formal negotiations between respective officials will commence in November.
The GCC comprises Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain.
India in May this year had signed an FTA with the UAE.
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.
14 May | Steel News