West Asia troubles to delay India’s FTA talks with GCC countries and Israel
The Hindu
West Asia conflict delays India’s FTA talks with GCC and Israel, while UK and EU agreements proceed as planned in 2024.
The ongoing conflict in West Asia is going to create delays in India’s negotiations on free trade agreements (FTA) with both the Gulf Cooperation Council countries, as well as with Israel, a senior official in the Ministry of Commerce said.
The FTA with the U.K., however, could be implemented by May 1 and the trade agreement with the European Union could be ratified by the European Parliament by the end of November this year, they added.
“There are several impacts of the war in the Middle East, but one of them is that our talks with the GCCs and Israel will be delayed, since most of the parties involved are at war currently,” the official explained, declining to be named as the matter is still under discussion.
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