Among the GCC countries, the United Arab Emirates and Saudi Arabia are India`s two largest trading partners, with annual bilateral trade of $60 billion and $34 billion. The interruption of industrial and commercial activities in the GCC countries would therefore have had an impact on bilateral trade and commerce with India – but India has managed to keep alive and actively maintain the Gulf`s main supply chains, even at the height of the pandemic. In the midst of a more worried and inward-looking world, trade wars between the US and China, the pandemic that has hit the pessimistic world, India and the GCC have immense potential to create paths for growth and stability. A strong multi-layer economic partnership between the two sides would benefit everyone. India`s progress in developing coronavirus vaccines and producing diagnostics and other control devices has also served as an important basis for the cooperation discussed. They have been at the forefront of their aggressive drive to implement a viable Covid 19 vaccine, both in the fight against the pandemic, as well as India and the United Arab Emirates. Indian diamond dealers want to harness the sparkling potential of relations between Israel and the UAE Dr. Gargash stressed the desire to improve cooperation and coordination between GCC countries and India in order to achieve common interests, and added that the GCC countries see India as an important partner in promoting peace and stability at the international level. especially in conflict zones. He particularly commended the efforts of Mr.

Jaishankar, to develop relations with the Gulf Cooperation Council, which appreciates India`s support for the GCC`s efforts to ease tensions in the region, its positions in favor of peaceful solutions, its positive attitude towards the Abraham Accords and its support for peace, coexistence and stability in the Middle East. India`s historic relations with the GCC and its dynamic role in promoting peace and stability in the region were praised by the GCC troika, and Dr. Gargash highlighted India`s crucial role in the international community, the depth of the Gulf-India relations and the importance of strengthening them in various ways: investment, tourism, culture and education, scientific research, health, artificial intelligence, environment, space research and industry. He said the UAE and GCC countries were interested in “more coordination and cooperation in different fields and at all levels.” From $13 billion in 2001 to about $109 billion in 2018, trade between India and the GCC has increased significantly in recent years – and the upcoming free trade agreement would be the icing on the cake. During Modi`s visit to Saudi Arabia in April 2016, the parties agreed to transform the buyer-seller relationship into a deeper partnership focused on investments and joint ventures in petrochemical complexes, research and development, as well as exploration in India, Saudi Arabia and other countries. According to a report by Alpen Capital, an investment banking advisory firm, in contrast to the general decline in total FDI in the GCC, the average annual growth rate (AGRCC) fell from 15.9% from $1.4 billion in 2011 to $2.9 billion in 2016. Although bilateral trade continues to dominate the multi-billion dollar relationship, investment flows are growing rapidly, regions are realizing that the GCC India Corridor offers immense opportunities for investors. . . .