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NEW DELHI: The Gulf Cooperation Council looks forward to starting free trade negotiations with India this year, its secretary general said, as he outlined the bloc’s cooperation efforts at the Kochi Dialogue diplomacy conclave this week.

Themed “India’s Look West Policy in Action: People, Prosperity and Progress,” the forum was hosted on Jan. 16-17 by the Indian Ministry of External Affairs and the Centre for Public Policy Research think tank in Kochi, southern Kerala state.

The event brought together government officials and business leaders from India, as well as delegates from the GCC countries — Oman, Kuwait, Bahrain, Qatar, Saudi Arabia and the UAE — along with diplomats from Australia, Malaysia, and Sri Lanka.

GCC Secretary-General Jasem Mohamed Al-Budaiwi, who was one of the forum’s key speakers, highlighted the significance of India relations for the Gulf bloc and plans to move cooperation forward, including by engaging in long-awaited free trade agreement talks.

“Expanding free trade negotiations will pave the way for economic integration, removing trade barriers, expanding cooperation in digital economies, and transforming industries. I also hope that we hold our first round of FTA negotiation this year, 2025,” Al-Budaiwi told Kochi Dialogue participants.

Economic cooperation plays a crucial role in the GCC’s relations with India, with the value of annual trade exchanges reaching more than $160 billion last year.

Exports from GCC countries to India amount to about $90 billion, representing 71 percent of the bloc’s total exports.

“This underscores the significant importance of this cooperation,” the GCC secretary-general said.

“Trade between the two sides includes a diverse area of industrial and agricultural products, contributing to economic integration and creating opportunities for growth and market expansion.”

GCC investment in India exceeded $5.7 billion across various projects, which according to Al-Budaiwi reflected “promising opportunity” on both sides.

“These investments have enabled us to achieve significant economic benefits, including job creation and enhanced economic growth, making India, our friendly India, key trading partner for GCC countries,” he said.

So far, India has a free trade deal with only one GCC country, the UAE, with which it signed a Comprehensive Economic Partnership Agreement in 2022.

India has been pursuing a free trade pact with the whole bloc for the past two decades. A Framework Agreement on Economic Cooperation was signed in 2004 but two rounds of negotiations — in 2006 and 2008 — were inconclusive.

The agreement would give India access to a large and affluent market for its goods, as well as concessions on visas in a region that is a second home for about nine million Indian expat workers.

MUMBAI: Indian television channels said on Friday police in the financial capital of Mumbai had detained, and were questioning, a suspect in a late-night stabbing attack on Bollywood actor Saif Ali Khan, but police did not confirm any detention. Khan, 54, was stabbed six times during a burglary attempt at his home in an upscale neighborhood early on Thursday. Doctors who operated on him for wounds to his spine, neck and hands have said he was out of danger.
The India Today channel, among others, showed police escorting a man wearing a white T-shirt into a police-station and identified him as the suspect.
However police officer Dikshit Gedam did not confirm the detention, saying instead there had been no major development.
“There’s no update from yesterday regarding what we said,” Gedam, the senior investigating officer, told Reuters.
The previous day police said they had identified the perpetrator of the apparent robbery attempt, and launched a search for him.
Khan, 54, one of Bollywood’s most bankable stars, who has appeared in many films and television series, had walked into the hospital in blood-soaked clothes, accompanied by his six-year old son, Taimur.
“If the knife had penetrated any further, there would have been an injury to the spine,” Niraj Uttamnani, one of the doctors who treated Khan, told reporters, adding that the actor had escaped by a distance of just 2 mm (0.08 inch).
“He is very fortunate.”
Another doctor, Nitin Dange, added, “He is able to walk, and he is stable.” The attack on Khan, who is the son of India’s former cricket captain Mansur Ali Khan Pataudi and actress Sharmila Tagore, shocked the film industry and residents of the city, many of whom called for better policing and security.
In a statement on social media, Khan’s wife, Kareena Kapoor Khan, asked media to stop speculating about the case.
“It has been an incredibly challenging day ... and we are still trying to process the events,” the 44-year-old actor said on her Instagram profile.
The couple have two boys, in addition to Khan’s two children from a previous marriage.