Business Standard

Olive diplomacy opens up trade talks with Arab League

Council may help expedite talks for a free-trade pact with the Gulf Cooperation Council

Exports
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Exports

Dilasha Seth New Delhi
Morocco, Tunisia, Algeria, Egypt, and Syria are among the top olive producers in the world, but India imports the exotic fruit mainly from Europe.

In a bid to bridge this gap in trade and investment opportunities, India is in the final stages of setting up a joint Business Council with the 22 countries of the Arab League.

The move would help expedite talks on a free-trade pact with the Gulf Cooperation Council (GCC), which comprises six important economies of West Asia: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).

“The proposed Business Council will have representation from all 22

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