India Signs FTA With Oman, Gets Zero-Duty Access on 99% Exports
1 day ago
India exported $4.06 billion worth of merchandise to Oman in 2024-25, which made up 0.93% of India’s total exports that year. It imported $6.5 billion worth of goods from Oman, comprising 0.91% of India’s total imports in 2024-25.
India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) on Thursday (December 18, 2025), under which Oman will provide India duty-free access to 98.08% of its tariff lines, which covers 99.38% of what India exports to Oman.
India, on the other hand, has offered liberalised tariffs on 77.79% of its total tariff lines, covering 94.81% of what India imports from Oman. Apart from the tariff removal on merchandise exports, the deal also includes several concessions that are expected to benefit India’s service sector, including in terms of mobility of workers.
The deal was signed in Muscat by Commerce and Industry Minister Piyush Goyal and Oman’s Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef in the presence of Prime Minister Narendra Modi and Sultan Haitham bin Tarik.
Source:
https://www.thehindu.com/business/Economy/india-oman-free-trade-agreement/article70411281.ece
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