August 31, 2021
1 min read

GCC-INDIA TIES: Talks On For New Trade Pact

Outside the GCC, India is conducting FTA-related talks with the United Kingdom, Australia, and the European Union, reports Asian Lite News

India’s discussions for concluding a Free Trade Agreement (FTA) with the GCC are “progressing fast,” the Minister for Commerce, Industry, and Consumer Affairs, Piyush Goyal, said yesterday.

Addressing a large cross-section of India’s business through the platform of the Jain International Trade Organisation, Goyal specifically cited the UAE as among the countries with which his Ministry is engaged in talks towards reaching an FTA.

Outside the GCC, India is conducting FTA-related talks with the United Kingdom, Australia, and the European Union.

The pace of discussions has now gathered speed, Goyal said. Traders and exporters are the “twin pistons powering the economic growth engine of India. We firmly believe in the capabilities of the business community as well as of start-ups.”

ALSO READ: Ties with India on Chabahar route part of Eurasian outreach: Uzbekistan

The FTAs will enable India to become a global “trading hub,” Goyal hoped.

The Jain International Trade Organisation is conducting a 12-day virtual expo with the participation of several thousand businesses and entrepreneurs.

Previous Story

Kabul’s ‘terror challenge’ in Kashmir and global impact

Next Story

Indians Welcome UAE Visa Rule For Vaccinated Tourists

Latest from -Top News

Protests at Parliament gates banned 

The Speaker’s office stressed that the move is aimed at safeguarding the sanctity of Parliament and ensuring that its proceedings are not disrupted…reports Asian Lite News In a decisive move aimed at

Open letter urges Bangladesh to protect minorities 

The initiative, coordinated by India’s former High Commissioner to Bangladesh Veena Sikri and former ambassador Bhaswati Mukherjee, points out that the worst brunt of the chaotic situation…reports Asian Lite News An ‘open
Go toTop

Don't Miss

India likely to suspend flight operations to Israel

Indian airlines are altering flight paths for Europe and the

Ukraine tables 10-point formula to strike peace

Saudi Arabia hosts Ukraine peace talks. The war ravaged country