Introduction to the Free Trade Agreement between India and the Gulf
Cooperation Council
Foreign Trade between India and GCC
Trade Relations of India with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the Emirates
The Subject “India-Gulf Cooperation Council Free Trade Agreement” is included within the curriculum of the following academic programs at EENI Global Business School:
The Gulf Cooperation Council (GCC) is a Customs Union consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the Emirates
GCC economies are the third largest trade partners of India, with exports to this region constituting 4% of the total Indian exports and imports of India from Gulf Cooperation Council region accounting for more 20% of total imports of India
The historical ties of India with the members of the Gulf Cooperation Council, and increasing petrol and gas imports
are growing International Trade and investment opportunities
3.5 million of Indian workers lives in the Gulf Cooperation Council region
The economic and bilateral trade linkages of India with GCC have augmented continuously in the 1970s, 80s and 90s, especially owing to petroleum imports
growth
In the last five years, total trade of India with GCC countries have risen by three
Saudi Arabia is the second-largest trading partner of India in the Gulf region, having a share of 14. 6%
The India-Gulf Cooperation Council Free Trade Agreement belongs to: