November launch missed, India-GCC trade talks likely to resume in March

India and the Gulf Cooperation Council (GCC) will engage in discussions to finalise the terms of reference as soon as March before launching negotiations for a trade deal.

Both sides were expected to launch trade negotiations in November last year. However, it got delayed as India and GCC were not able to agree upon the terms of reference, a person aware of the development told Business Standard.

“The meeting can happen as early as next month,” the official cited above said.

Besides, the term of the GCC’s Secretary General — Kuwait’s Nayef Al Hajraf — also ended last month and