A senior commerce department official said Oman had requested India for a preferential trade agreement on limited items, where both nations can discuss reduction in tariff of some items of export interest. The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA).
GCC is a regional, intergovernmental political economic union comprising six countries Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).
This story is from the May 12, 2022 edition of Business Standard.
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This story is from the May 12, 2022 edition of Business Standard.
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