India, Qatar may finalise terms of reference for trade deal in October

New Delhi: India and Qatar are likely to finalise terms of reference for a bilateral trade agreement next month, a senior official said Monday.

Once the terms of reference of the proposed trade pact are finalised, Commerce and Industry Minister Piyush Goyal may visit Qatar in October, the official said.

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The official also informed that there is good progress on the proposed trade pact with the EU.

The EU team is currently here for the 13th round of India-EU FTA talks.

“It is possible that next month Qatar’s terms of reference (for trade deal) may be finalised,” the official said.

Minister Goyal last month had said that Qatar wants to negotiate a free trade agreement (FTA) with India.

In February, India and Qatar agreed to double bilateral trade to USD 28 billion over the next five years.

PTI