India-Saudi Arabia take Stock of the Evolving Situation in West Asia and Reiterate Primacy of Supply Chain Continuity

Union Minister of Commerce and Industry, Shri Piyush Goyal, had a virtual call with his Saudi Arabia counterpart H.E. Dr. Majid bin Abdullah Al Qassabi, Minister of Commerce of Saudi Arabia.

Shri Goyal expressed optimism that the recently announced ceasefire would pave the way to lasting peace and security in the region. He hailed indomitable spirit of Saudi people who have been steadfast in their resolve to maintain supply chain resilience amidst increased disruptions and volatility. He condemned attacks in the country during the ongoing conflict and appreciated Saudi Arabia’s efforts to protect Indian community.

Both sides noted the strain conflict has put on regional supply chains and stressed the need for an early recovery through coordinated efforts to ensure smooth trade flows. Shri Goyal highlighted India’s steps to support exports to KSA and the Gulf region.

The Ministers reaffirmed their commitment to strengthening bilateral trade and expressed optimism for early progress in the India-GCC FTA negotiations.

The meeting underscored the shared commitment to further deepening the India-Saudi Arabia economic partnership.

Supply chain continuity takes centre stage as India and Saudi Arabia push bilateral trade and India-GCC FTA progress. India and Saudi Arabia reaffirmed the primacy of supply chain continuity and coordinated efforts to address disruptions caused by conflict in West Asia. The two sides noted the strain on regional trade flows and emphasised early recovery through joint measures. The discussion also reaffirmed commitment to strengthening bilateral trade and expressed optimism for early progress in the India-GCC free trade agreement negotiations.