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India, Gulf Cooperation Council agree to pursue Free Trade Agreement; resume talks: Piyush Goyal

India, Gulf Cooperation Council agree to pursue Free Trade Agreement; resume talks: Piyush Goyal
Bilateral trade in goods has increased to USD 154.73 billion in 2021-22 from USD 87.4 billion in 2020-21. Services trade between the two regions was valued at around USD 14 billion in 2021-22, with exports aggregated at USD 5.5 billion and imports at USD 8.3 billion.

26 per cent to about USD 44 billion in 2021-22 against USD 27.Services trade between the two regions was valued at around USD 14 billion in 2021-22, with exports aggregated at USD 5.India's overall crude oil imports from the GCC in 2021-22 were about USD 48 billion, while LNG and LPG imports in 2021-22 stood at about USD 21 billion.73 billion in 2021-22 from USD 87.

New Delhi: India and the Gulf Cooperation Council (GCC) have agreed to pursue a free trade agreement (FTA) between the two regions and resume the negotiations, Commerce and Industry Minister Piyush Goyal said on Thursday.ALSO READ | Netizens troll Mama Earth for allegedly defending Richa Chadha's comments "We have agreed to pursue the free trade agreement between GCC and India and resume the negotiations and conclude the same at the earliest," Goyal told reporters here in a joint press conference with GCC Secretary General Nayef Falah M Al-Hajraf here.

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