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If delay in FTA talks, GCC nations can join India-UAE trade deal

The clause was added to the agreement to encourage other countries to join the pact, making it a regional agreement, the sources said

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Experts said that finalisation of the trade deal with GCC could be tricky, considering the differences between some of the nations of the regional, intergovernmental political-economic union.

Shreya Nandi New Delhi
The other member countries of the six-nation Gulf Cooperation Council (GCC) will have the option to join the India-United Arab Emirates (UAE) trade deal on the same terms and conditions, if the launch of the free-trade agreement (FTA) negotiations between New Delhi and the GCC is further delayed, said people aware of the matter.
 
In the India- UAE free-trade agreement, the two have kept a clause that if both nations agree, a third country or a group of nations shall have the option to be a party to the trade pact. This means that the country would have to offer

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First Published: Nov 28 2022 | 8:40 PM IST

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