India, GCC ink terms of reference for FTA, here’s where export with these 6 countries stood
India and the six-member Gulf Cooperation Council (GCC) have signed terms of reference to formally begin negotiations for a free trade agreement, marking a revival of talks stalled since 2008. New Delhi: India and the six-nation bloc of Middle Eastern nations, the Gulf Cooperation Council (GCC), inked terms of reference on Thursday for formally launching negotiations for a free trade agreement (FTA). The terms of reference (ToR) outline the scope and modalities of a proposed trade pact. Commerce and Industry Minister Piyush Goyal presided over the signing ceremony of the ToRs with GCC. Goyal said that the agreement will help…