Super Sourcing Arabia 2023: FIEO brings multi-sector expo to Bahrain to buoy GCC trade

Super Sourcing Arabia 2023: FIEO brings multi-sector expo to Bahrain to buoy GCC trade

- The expo comes in the backdrop of robust exports of over 70 per cent to Bahrain in 2021-22 fiscal at USD 900 million;

- Overall Indian exports to GCC during April – October of the current fiscal to the tune of USD 29.6 billion, growing by 23.37 per cent.

Bahrain: Overall Indian exports to Bahrain in the first seven months (April – October) of the current fiscal reached USD $454.15 million, said the Indian exports apex body, the Federation of Indian Export Organisations (FIEO).

“Bahrain is one of the key focus markets for India in the GCC as the country expands its free trade agreements in the region, particularly under the Comprehensive Economic Partnership Agreement (CEPA). Negotiations with GCC countries, including the Kingdom, is at an advanced stage, pointing to a robust growth future accelerating the pace of growth for regional trade relationships in the Gulf and the Middle East and Africa region,” said Dr. Ajay Sahai, Director-General and CEO of FIEO.

Announcing the hosting of the multi-sector expo, Super Sourcing Arabia 2023, in the Kingdom, FIEO said the prospects for Indian exports to Bahrain and GCC have been on an exponential growth curve and the expo will further help accelerate the trend