The bilateral two-way trade during the period was  US$ 97.46 billion, registering a decline of about 27% over the previous year. Islamic Cooperation countries (OIC) What to study? MemberStates; MemberStates × Area. Read more 12 August 2020. { "mainEntityOfPage": { Strengthening ties between their peoples. Gulf Cooperation Council (GCC), political and economic alliance of six Middle Eastern countries— Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman. The immediate objective was to protect themselves from the threat posed by the Iran-Iraq War and Iranian-inspired activist Islamism. "@type": "Organization", The Gulf Cooperation Council (GCC) is an organization of six oil-exporting countries of the Persian Gulf that is also known as the Cooperation Council for the Arab States of the Gulf. India and GCC signed a Framework Agreement for enhancing and developing economic cooperation between the two sides in in New Delhi in August 2004. "author": { Three years ago, the plant celebrated 7,000 accident-free days, which was a record in the Gulf Cooperation Council (GCC). A regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf, except for Iraq. Share This Construction Works Policy is designed to provide cover to an Indian contractor who executes a civil construction job abroad. 1) Second World Nations, 2) Third World Nations, 3) Fourth World Nations, 4) Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates, 5) NULL The GCC countries are moving ahead rapidly with their economic integration efforts. The GCC's headquarters is in Riyadh, the capital of Saudi Arabia, its largest member. Information on Free Trade Agreement (FTA) Between India and Gulf Cooperation Council (GCC) is given by Department of Commerce, Ministry of Commerce and Industry. The Gulf Cooperation Council (GCC) is a political and economic alliance of six countries in the Arabian Peninsula: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The GCC’s substantial oil and gas reserves are of utmost importance for India’s energy needs. Share this news... tweet. "@type": "WebPage", As a group, the GCC has been increasingly determining the economy, political and security policies of its member States. This opportunity is gained by the strategic location of Sohar Port outside of the Strait of Hormuz. The first GCC-India Industrial Conference was held  in Mumbai in February 2004, the second was held in Muscat in March 2006, the third was held in Mumbai in May 2007 and the fourth was held at King Abdullah Economic City, Jeddah in November 2015. The Gulf constitutes the “immediate” neighbourhood of India separated only by the Arabian Sea. UAE for a long time, has had an unresolved territorial dispute with Iran over the islands of Abu Musa and The Tunbs. To formulate similar regulations in various fields including the following: To stimulate scientific and technological progress in the fields of industry, mining, agriculture, water and animal resources; to establish joint ventures and encourage cooperation by the private sector for the good of their peoples. Based on their conviction about the connected nature of their security and that an aggression against any one of them is deemed an aggression against all of them, cooperation in the military field has received the attention of the GCC states. sification plans underway in the Gulf Cooperation Council (GCC) countries. } Coordination, integration and inter-connection between Member States in all fields. In short, the GCC offers tremendous potential for cooperation in trade, investment, energy, manpower, etc. This list of startups in Gulf Cooperation Council (GCC) provides data on their funding history, investment activities, and acquisition trends. The GCC States are going through important changes and transformation; the process of understanding and integration is coming of age. India and GCC share the desire for political stability and security in the region. Secretariat General of the Gulf Cooperation Council The Cooperation Council for the Arab States of the Gulf GCC. India enjoys traditionally cordial relations and cooperation with the GCC. Indian Workers Want to Return to Arab Countries. The Gulf Cooperation Council (GCC) as a collective entity has tremendous significance for India. PMJAY SEHAT scheme for Jammu and Kashmir residents. "name": "civils360" }, GS2// Prelims// Map Description: 1. "headline": "India-Gulf Cooperation Council", Headquarters of GCC is at Riyadh in Saudi Arabia. The Gulf Cooperation Council (GCC) is a regional political organisation comprising the energy rich Gulf monarchies – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Gulf Cooperation Council (GCC) was established by an agreement concluded on 25 May 1981 in Riyadh, Saudi Arabia among Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE in view of their special relations, geographic proximity, similar political systems based on Islamic beliefs, joint destiny and common objectives. Insights about top Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Der Golf-Kooperationsrat (GKR, englisch Gulf Cooperation Council, GCC; offiziell Kooperationsrat der Arabischen Staaten des Golfes; arabisch مجلس التعاون لدول الخليج العربية, DMG Maǧlis at-taʿāwun li-duwal al-ḫalīǧ al-ʿarabiyya, englisch Cooperation Council for the Arab States of the Gulf, CCASG), bzw. Gulf Cooperation Council (GCC), political and economic alliance of six Middle Eastern countries—Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman. Creative Commons Attribution-NonCommercial-NoDerivs 2.5 India License. India’s old, historical ties with GCC States, coupled with increasing imports of oil and gas, growing trade and investment, and presence of approximately 6.5 million Indian workers in the region, are of vital interest to India. Acheivements The Charter Organizational Structure Logo Laws and Regulations Agreements GCC Citizen State of Qatar Kingdom of Bahrain Kingdom of Saudi Arabia United Arab Emirates State of Kuwait Sultanate of Oman. "@id": "https://civils360.com/2020/12/02/india-gulf-cooperation-council" India-GCC Free Trade Agreement (FTA) can provide a boost to the relations. Notify me of follow-up comments by email. Formulating similar regulations in various fields such as economy, finance, trade, customs, tourism, legislation, administration. Such conviction stems from the facts of geopolitics and faith in one destiny. India, therefore, has a vital stake in the stability , security and economic well being of the Gulf. The GCC is a regional common market with a defense planning council as well. Virtual Meeting 2. "publisher": { During 2015-16, India’s exports to GCC were US $ 41.71 billion. HE Dr. Nayef Falah Mubarak Al-Hajraf, Secretary General of the Gulf Cooperation Council, received on Wednesday, 12 August 2020, in his office at the General Secretariat. Its member states are Bahrain, Kuwait, … The cooperative council formed in 1981 to foster economic, scientific, and business cooperation. 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