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THE changing relationship between Gulf countries and the Indian subcontinent was discussed at the 17th Doha Forum, on Monday, during a session titled 'Political Challenges in the Far East and the Indian Subcontinent'.
The Secretary of the Gulf and Arabian Peninsula Studies Forum in Qatar and researcher at the Arab Center for Research and Policy Studies HE Sheikh Suhaim bin Mohammed al Thani said that though the nature of the Indian-Gulf relations were dominated by the GCC export of energy and India's export of labour over the past 50 years, the relations between the two sides have lately witnessed many geopolitical and economic changes.
He said that the lack of major powers in the Asian continent led to the absence of a kind of balance in the region and called for greater coordination between the GCC countries and India, especially on security and strategic issues. He added that the GCC countries must adopt a new policy to invest in India and diversify investment in small sectors.
For her part, Director Academics Policy and Programs at the Strategic Vision Institute (SVI) in Pakistan Dr Sadia Kazmi spoke about the Belt and Road initiative, or the New Silk Road, and reviewed the economic importance of this project. She expected the economic benefits of the project to reach $900 billion through six economic corridors. The project covers over 60 countries, covering 40 million kilometers and reaching 4.5 billion people. (QNA)
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16/05/2017
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