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India, Oman free trade pact comes into force

The pact gives Indian exporters 100% duty-free access on 98.08% of Omani tariff lines and is expected to lift services, investment and mobility.

  • The Comprehensive Economic Partnership Agreement between India and Oman takes effect today, June 1, 2026, as both governments formally announce the implementation of the broad-based trade pact.
  • Under the new agreement, India gains immediate 100 percent duty-free access to 98 percent of Omani tariff lines, covering 99.38 percent of exports—a dramatic shift from the previous 15.3 percent zero-duty regime.
  • Indian MSMEs, pharma exporters, and marine product firms gain significant competitive advantages; Indian medicines approved by major regulators receive automatic marketing authorization in Oman within 90 days.
  • Oman has committed to enhanced mobility for Indian professionals in accounting, engineering, and medicine, raising the ceiling for intra-corporate transferees from 20 percent to 50 percent with stays up to four years.
  • Positioned near the Strait of Hormuz, Oman serves as a strategic gateway for Indian goods entering Middle East and African markets, marking India's fifth major free trade agreement implemented since 2014.
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The Siasat Daily broke the news on Sunday, May 31, 2026.
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