The Gulf Cooperation Council (GCC) is a Customs Union consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the Emirates
The 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 the total imports of India
The historical ties of India with the members of the Gulf Cooperation Council, and the increasing the 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 the GCC have augmented continuously in the 1970s, 80s and 90s, especially owing to petroleum imports
growth
In the last five years, the total trade of India with the 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: