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India–GCC FTA Talks Begin: USD 178.56 Billion Trade

9 February 20261 min read
INTERNATIONAL AFFAIRSIndia–GCC FTATalks Begin: USD178.56 BillionTrade9 February 2026safalsetu.com

Why in the news

A Terms of Reference document was signed by India and the Gulf Cooperation Council, which opens the way to negotiating a Free Trade Agreement.

Key facts

  • Signed: Terms of Reference (ToR) for an India–GCC FTA.
  • Trade figure: USD 178.56 billion in FY25.
  • Expectation: deeper commercial ties after the FTA.

Significance

  • The large trade base explains why both sides want a formal agreement.
  • The ToR only starts the process; the FTA itself is still to be negotiated.

Exam angle

  • Remember the number: USD 178.56 billion (FY25).
  • Document signed: ToR, not the FTA.
  • Partners: India and the Gulf Cooperation Council.

Test yourself

1. What was the value of India–GCC trade in FY25?

The notes give USD 178.56 billion for FY25.

2. What have India and the GCC signed to start FTA negotiations?

A Terms of Reference document starts the negotiations.

3. The India–GCC trade value of USD 178.56 billion relates to which financial year?

The trade value is stated for FY25.

This topic is part of Daily Current Affairs 8 & 9 February 2026 (17 topics).

All topics of the dayDay quizFebruary 2026

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