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Gulf States and the Conflict between India and Pakistan
centuries with a merchant community from India in
Oman for several generations. This interaction has
helped in laying the foundation for a multidimensional
economic relationship between the two
countries in recent years as Oman embarked on its
process of development and oil revenues started
flowing into the country in the 1970s. In June 1993,
an Agreement for Economic Trade & Technical
Cooperation was signed between India and Oman.
India-Oman trade has been growing and India is the
fifth largest source for imports (about 4.5%) into
Oman. India and Oman have also finalized a
Bilateral Investment Promotion & Protection
Agreement (BIPA) and Double Taxation Avoidance
Agreement (DTAA).
India and Kuwait - The statement by former Indian
ambassador to Kuwait is indicative of the
strengthening economic relations between India and
Kuwait - “I’d say that the political relationship
between our two countries has been and is
excellent. Our economic relations have been
progressing exceptionally well, and our cultural
cooperation is moving at a steady pace.” 1 The first
ever meeting of the Indo-Kuwait Joint Ministerial
Commission for Trade, Economic, Scientific and
Technological Cooperation took place in Kuwait in
November 2006. The second meeting of the
commission was held in July 2008, in New Delhi.
From the point of view of the labour sector, a
Memorandum of Understanding (MoU) on Labour,
Employment and Manpower Development was also
1 “India, Kuwait have great political and economic relationship”, National
PR Wire, August 25, 2008,
http://www.nationalprwire.com/pr/political/%E2%80%98indiakuwaithave-great-political-and-economic-relationship%E2%80%99/112476.html
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