{"id":87621,"date":"2026-02-25T00:00:00","date_gmt":"2026-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/25\/india-gcc-commence-fta-negotiations-as-new-delhi-seeks-to-reduce-trade-deficit-with-the-bloc\/"},"modified":"2026-02-25T00:00:00","modified_gmt":"2026-02-25T00:00:00","slug":"india-gcc-commence-fta-negotiations-as-new-delhi-seeks-to-reduce-trade-deficit-with-the-bloc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/25\/india-gcc-commence-fta-negotiations-as-new-delhi-seeks-to-reduce-trade-deficit-with-the-bloc\/","title":{"rendered":"India-GCC commence FTA negotiations as New Delhi seeks to reduce trade deficit with the bloc"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>India<\/strong><strong> and the Gulf Cooperation Council formally kickstarted <\/strong><strong>negotiations for a <\/strong><strong>freetrade<\/strong><strong> agreement on Tuesday<\/strong>, building on the terms of reference agreed earlier this month, as per the <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2232327&reg=3&lang=1\" style=\"\">Press Information Bureau<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Outcomes: <\/strong>India\u2019s Commerce Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al Budaiwi greenlit a framework covering goods, services, customs procedures, digital trade, advanced technologies and investment flows. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The GCC is India\u2019s largest trading partner bloc \u2014 with bilateral trade of USD 178.6 bn in FY 2025, growing at a 15.3% annual rate over five years \u2014 accounting for over 15% of India\u2019s total global trade. For India, the objective is to narrow the massive USD 64.8 bn trade deficit, recorded in FY 2024-25, by pushing engineering goods, electronics, and tech services into the bloc.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beyond trade, <\/strong>the talks reflect the corridor\u2019s strategic weight. The GCC accounts for more than USD 31 bn in cumulative FDI into India and hosts nearly 10 mn Indians which reinforces economic and people-to-people ties. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTA talks will cover trade, tech integration and a reset of the corridor\u2019s investment balance<\/p>\n","protected":false},"author":1,"featured_media":87622,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2465],"tags":[2464,2402,2614,2899,2554],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-enterpriseam-india","tag-fta","tag-gulf-cooperation-council","tag-india-uae-relations","wpautop","entry"],"acf":{"mongo_id":"70935e8c-cf86-46a0-b243-5ec6e5d1f9a2","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/1502.jpg","photo_position":"above","homepage_title":"","full_issue_title":"India-GCC FTA talks","related_issue":[87615],"teaser":"FTA talks will cover trade, tech integration and a reset of the corridor\u2019s investment balance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>India-GCC commence FTA negotiations as New Delhi seeks to reduce trade deficit with the bloc - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/25\/india-gcc-commence-fta-negotiations-as-new-delhi-seeks-to-reduce-trade-deficit-with-the-bloc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India-GCC commence FTA negotiations as New Delhi seeks to reduce trade deficit with the bloc\" \/>\n<meta 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