Gulf states sign two economic agreements with India, Pakistan

The secretary general of the Gulf Cooperation Council (GCC) Abdul Rahman Bin Hamad al-Ateyah said on Saturday that the GCC will sign this week two economic cooperation agreements with India and Pakistan.

In a statement issued by the headquarters of the GCC in Riyadh, al-Ateyah said that two agreements will avail joining negotiations to establish the two free trade agreements between the GCC member states and the two countries.

Al-Ateyah is schedule to visit India and Pakistan on August 24 through 27 in order to take part in signing the two framework agreements on economic cooperation.

The Indian industries federation signed an agreement with the GCC in February that aims at encouraging trade exchange between India and the GCC member states which are Kuwait, Bahrain, Oman, Qatar, Saudi Arabia and the United Arab Emirates.