GCC, India relaunch negotiations on free trade deal

NEW DELHI: The Gulf Cooperation Council and India relaunched negotiations for a free trade agreement by signing the terms of reference for the talks on Thursday, about two decades after a first attempt stalled. India already has a Comprehensive Economic Partnership Agreement with two GCC members, Oman and the UAE, signed last year and in 2022, respectively. Its trade negotiations with the GCC — members of which also include Saudi Arabia — stalled following a framework agreement signed in 2004 and two rounds of talks held in 2006 and 2008.

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