India-Gulf Cooperation Council FTA talks slated to restart in 2-3 weeks: Govt
CNBC TV 18 - 14 November 2022
India-Gulf Cooperation Council FTA talks slated to restart in 2-3 weeks: Govt
By Sangam Singh
India-Gulf Cooperation Council (GCC) Free Trade Agreement talks are slated to restart in two to three weeks, government sources have told CNBC-TV18. As reported earlier, the existing Comprehensive Economic Partnership Agreement (CEPA) with GCC constituent UAE will serve as a benchmark for prospective talks.
India-Gulf Cooperation Council (GCC) Free Trade Agreement talks are slated to restart in two to three weeks, government sources have told CNBC-TV18. As reported earlier, the existing Comprehensive Economic Partnership Agreement (CEPA) with GCC constituent UAE will serve as a benchmark for prospective talks.
India will aim for a fair, equitable, and mutually beneficial FTA deal with focus remaining on labour-intensive sectors. The South Asian nation hopes to generate over a lakh jobs through this deal.
Earlier in an exclusive conversation, the Director General of the Federation of Indian Exporters Organisation (FIEO), Ajay Sahai, said that stating that the India-UAE CEPA will serve as a template due to the commonality between oil-driven economies.
The Gulf Cooperation Council comprises oil-rich countries of the middle east that includes Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.
