US EditionIndia and Oman Finalize Landmark Trade Deal Amid Growing Global Partnerships
INDIA, AUG 9 – The agreement will eliminate customs duties on key sectors, boost bilateral trade over $10 billion, and enhance energy security and labour protections for over 480,000 Indian expatriates.
- An official in New Delhi said India and Oman will soon announce the signing of the Comprehensive Economic Partnership Agreement , expected this month.
- In November 2023, negotiations formally began for the Comprehensive Economic Partnership Agreement , which aims to reduce customs duties on a wide range of goods.
- India’s bilateral trade with Oman exceeded $10 billion in 2024-25, with exports of $4.06 billion and imports of $6.55 billion, mainly petroleum products and urea.
- The cabinets of India and Oman will approve the agreement, after which both governments plan a joint announcement of the CEPA signing, an official said.
- Beyond tariffs, the agreement secures energy supplies, attracts Gulf investment, and includes carve-outs to protect over 480,000 Indian expatriates, an official said.
13 Articles
13 Articles
India-Oman CEPA to open tariff-free gateway to Gulf markets
New Delhi: India and Oman are poised to sign a Comprehensive Economic Partnership Agreement (CEPA) covering goods, services, investments, and labour mobility with a formal announcement expected this month. The India-Oman CEPA is more than a tariff deal as it will open up a strategic economic bridge between South Asia and the Gulf. It offers India tariff-free access to a receptive market, secures energy and labour interests, attracts Gulf investm…
India and Oman Finalize Landmark Trade Deal Amid Growing Global Partnerships
India and Oman have successfully concluded negotiations for a Comprehensive Economic Partnership Agreement, further strengthening their historic relations. Though the agreement's signing date remains undisclosed, it highlights India's expanding global trade network, having signed several key deals and engaging in ongoing negotiations with multiple countries.
India concludes trade deal negotiations with Oman - The Tribune
'India-Oman CEPA negotiations have been concluded,' Minister of State for Commerce and Industry Jitin Prasada informed Rajya Sabha in a written reply while responding to a question from Congress member Hebi Mather Hisham relating to India's trade deals.
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