Trade Exchange Between Gulf Cooperation Council GCC and India Presented by: Oman Chamber of Commerce

1
Trade Exchange Between Gulf Co-operation Council
(GCC) and IndiaPresented by Oman Chamber of
Commerce and Industry

• GCC-India Industrial Conference
• Opportunities and Challenges 21th Century
• 17-18 February 2004, Mumbai

2
All Commodities- Indias Export to the GCC
(Million US)

• United Arab Emirates
• 2001-2002 2491.79
• 2002-2003 3327.48
• Growth Rate 33.54

3
All Commodities- Indias Imports from the GCC
(Million US)

• United Arab Emirates
• 2001-2002 915.09
• 2002-2003 956.99
• Growth Rate 4.58

4
All Commodities- Indias Export to the GCC
(Million US)

• Bahrain
• 2001-2002 75.590
• 2002-2003 99.540
• Growth Rate 31.67

5
All Commodities- Indias Imports from the GCC
(Million US)

• Bahrain
• 2001-2002 134.01
• 2002-2003 121.130
• Growth Rate -9.61

6
All Commodities- Indias Export to the GCC
(Million US)

• Qatar
• 2001-2002 49
• 2002-2003 96.1
• Growth Rate 96.12

7
All Commodities- Indias Imports from the GCC
(Million US)

• Qatar
• 2001-2002 91.69
• 2002-2003 113.07
• Growth Rate 23.31

8
All Commodities- Indias Export to the GCC
(Million US)

• Kuwait
• 2001-2002 206.25
• 2002-2003 250.56
• Growth Rate 21.49

9
All Commodities- Indias Imports from the GCC
(Million US)

• Kuwait
• 2001-2002 73.69
• 2002-2003 179.5
• Growth Rate 143.6

10
All Commodities- Indias Export to the GCC
(Million US)

• Saudi Arabia
• 2001-2002 826.43
• 2002-2003 940.74
• Growth Rate 13.83

11
All Commodities- Indias Imports from the GCC
(Million US)

• Saudi Arabia
• 2001-2002 463.99
• 2002-2003 504.72
• Growth Rate 8.78

12
Trade Exchange Oman (Million US)

• Year Exports Imports
• 2000 17.16 164.6
• 2001 19.2 226.4
• 2002 22.1 281.2
• 2003 35.6 169.3
• Oil is not included
• India is no.5 in the top ten list that Oman
  imports from.

13
Trade Balance (Million US)
GCC trade share is only 30.7 of the total trade
million US 5485 in 2001-2002
and decreased to 27.7 of the total
million US 6802 in the year 2002-2003
14
Major Imported Items from India

• MEAT, RICE, WHEAT, CEMENT.
• SHAWLS OF WOOL.
• GAS TURBINES PARTS FOR GAS TURBINES.
• APPARATUS FOR ELECTRICAL CONTROL .
• RIGID TUBES OF POLYMERS OF ETHYLENE.
• FORGED IRON OR STEEL BARS.
• ALUMINIUM HYDROXIDE.
• HOUSEHOLD ARTICLES OF STAINLESS STEEL.
• APPARATUS FOR PROTECTING CIRCUITS.
• OIL OR PETROL-FILTERS.
• COLOR TELEVISION SETS FOR HOUSEHOLD PNEUMATIC
  TRANSMISSION.
  
• INSULATORS OF CERAMICS.
• APPARATUS FOR ELECTRICAL CONTROL.

15
Major Exported Items to India

• DATES, LEAMON, FISH.
• SANDSTONE, CURDE BLEACHED POLYESTER .
• CONTAINERS FOR DOMESTIC STOVES' GASES .
• DIAPERS FOR CHILDREN .
• FORGED IRON OR STEEL BARS .
• VALVES FOR DRAINING THE WATER .
• SACKS AND BAGS OF POLYMERS OF ETHYLENE .
• KNITTED BABIES' CLOTHES, OF WOOL.
• POLYMERS OF STYRENE SHEETS, FILM.
• TIN-PLATED IRON OR STEEL.
• ASSORTED TABLEWARE SETS.
• CARTONS,BOXES AND CASES SELF-ADHESIVE ROLLS.
• OTHER INDUSTRIAL MONOCARBOXYLIC FATTY ACIDS.

16
GCC FDI in India1991-July 2003
GCC total FDI in India US million 779.28
Total FDI in India US million 63716.3
17
Areas of Cooperation

• Energy and Petrochemical.
• Information Technology.
• Food processing and Manufacturing.
• Tourism.
• Higher Education and Human Resource Development.
• Pharmaceuticals.
• Infrastructure.
• Communications.
• Privatization.
• SME Development.

18
Summary and Recommendations

• Steps towards more co-operation as this would
  greatly increase the opportunities for trade and
  investment.
  
• Means to reduce trade gap by promoting GCC
  exports to India.
  
• GCC Unifies tariff provides better opportunity
  for Indian products.
  
• Indias revised custom duties on GCC companies
  will have positive role towards boosting trade
  between the two.
  
• Enhancing trade expansion to include
• Exhibitions.
• Businessmen meetings and dialogues.
• Exchanging investment opportunities

19

• Thank You