NEW DELHI: India has pitched for elevating India-Arab economic partnership commensurate with the strategic partnership between the two sides and exploring opportunities to utilise Arab World’s FTA with US and EU for Indian businesses.
“India-Arab relations are founded on strong traditional ties and deepening political understanding. Our economic relations have to be stepped up to a higher level to match the strategic partnership and strong momentum in bilateral understanding at the political level. There is huge potential in the growing Arab economies while many Arab countries have FTAs with EU and USA. Arab countries and Indian businesses can both benefit by participation in economic growth and development,” Secretary (CPV&OIA) MEA Sanjay Bhattacharyya told FICCI in an address titled ‘India’s engagement with Arab World’ on Tuesday.
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