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India, 6 Arab countries move closer to free trade agreement in Delhi-GCC talks
India and GCC begin formal free trade talks aiming to boost $178.5 billion bilateral trade and enhance economic ties benefiting 10 million Indian workers in the region.
- On February 05, 2026, India and the Gulf Cooperation Council signed Terms of Reference to enable formal negotiations toward an India–GCC free trade agreement.
- After almost two decades of talks, Piyush Goyal said discussions have progressed as under Prime Minister Narendra Modi the GCC became a strategic partner.
- With about 10 million Indians in the GCC, India–GCC merchandise trade reached $178.5 billion in 2024-25.
- Mr. Goyal said the deal could benefit workers, support energy diversification, and attract investments that create opportunities for youth, with India's workforce in the GCC and in India standing to gain.
- Existing FTAs, including with Oman and the UAE, matter because 56% of India–GCC trade is with the UAE, which already has a separate FTA, and India had a $64.8 billion trade deficit in 2024-25.
28 Articles
28 Articles
India, GCC ink terms of reference for FTA, here's where export with these 6 countries stood
India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), inked terms of reference on Thursday for formally launching negotiations for a free trade agreement (FTA). The terms of reference (ToR) outline the scope and modalities of a proposed trade pact. Commerce and Industry Minister Piyush Goyal presided over the signing ceremony of the ToRs with GCC. Goyal said that the agreement will help boost bilateral trad…
Saudi To Oman: 6 Gulf Nations India Could Soon Sign Free Trade Pacts With
India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), inked terms of reference on Thursday for formally launching negotiations for a free trade agreement (FTA).
India, Gulf Cooperation Council ink terms of reference to formally launch FTA negotiations
New Delhi, Feb 5 (PTI) India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), inked terms of reference on Thursday for formally launching negotiations for a free trade agreement (FTA). The terms of reference (ToR) outline the scope and modalities of a proposed trade pact. Commerce and Industry Minister Piyush […]
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