India and the Gulf Cooperation Council have signed the Terms of Reference (ToR) to start negotiations for a Free Trade Agreement (FTA). This marks a major step in strengthening India’s trade and economic ties with Gulf countries.
Gulf Cooperation Council (GCC):
- A regional political and economic alliance of 6 Gulf countries
- Headquarters: Riyadh, Saudi Arabia
Member Countries:
- Saudi Arabia
- United Arab Emirates
- Qatar
- Kuwait
- Oman
