Course summary India Gulf Cooperation Council (GCC) Free trade agreement
(الهند - دول مجلس التعاون الخليجي اتفاقية التجارة الحرة)
Status of the India Gulf Cooperation Council (GCC)
Free trade agreement: Proposed / Under consultation and study
The Gulf Cooperation Council (GCC) is a customs union comprising of
Bahrain, Kuwait, Oman, Qatar, Saudi
Arabia and United Arab Emirates.
The Gulf Cooperation Council (GCC) economies are the 3th biggest trade partners
of India, with exports to this
region constituting 4% of total exports of India and imports of India from
Gulf Cooperation Council (GCC) region accounting by more 20% of total imports of India.
The historical ties of India with the members of the Gulf cooperation Council (GCC) (Bahrain,
Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates), united with increasing
imports of oil and gas, growing international trade and Foreign direct investment (FDI) opportunities. 3.5 million
of Indian workers lives in the Gulf Cooperation Council (GCC) region
The economic and bilateral trade linkages of India with the Gulf Cooperation Council have augmented continuously
in 1970s, 80s
and 90s, especially owing to growth in oil imports.
In the last 5 years,
total trade of India with the Gulf Cooperation Council (GCC) countries has risen
by 3 (from USD
7 billion in 2000 to USD 19.3 billion in 2005).
Exports from India to the Gulf Cooperation Council (GCC) have risen from USD 3.73 billion in 2000 to
USD 11.22 billion in 2005. Saudi Arabia is the 2th biggest trade partner
of India in the GCC region, having a share of 14. 6% in
2004-05.
Example of the course India Gulf Cooperation Council (GCC)
Free trade agreement:
Master in International Business for Middle East Students - Master in International Business for Indian students
(Es): India CCG
EENI in Hindi: मास्टर विदेश पार
.
