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India, GCC agree on terms of free trade agreement
Financial Express Kolkata
|February 06, 2026
INDIA AND THE six-nation Gulf Cooperation Council (GCC) on Thursday signed the terms of reference (ToR) for a free trade agreement (FTA), setting the framework for negotiations that would follow.
The discussions on the FTA with GCC have been going on for two decades and now finally reached the ToR stage, ready to take off more than two decades after the first attempt was made.
The ToR establishes the framework, scope, objectives, and procedures for the negotiations. The signing of ToR is the first step for negotiations to begin.
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