India-Oman economic free trade pact comes into force: Goyal

The free trade pact was signed on 18th December 2025 in Muscat.

New Delhi: The free trade agreement between India and Oman came into force on Monday, June 1, Commerce and Industry Minister Piyush Goyal said.

The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors such as textiles, leather, plastics, marine products, automobiles, sports goods, and agri-items, as they gain preferential access to the Omani market over competitors, Goyal said.

“The India-Oman Comprehensive Economic Partnership Agreement is entering into force from today,” the minister told reporters here.

Subhan Bakery

The free trade pact was signed on 18th December 2025 in Muscat.

Upon completion of internal processes by both parties, the Agreement entered into force on June 1, 2026.

To mark the entry into force, about 10 consignments of agriculture and gems and jewellery products from Mumbai, Kolkata and Chennai were shipped to the Gulf nation under the preferential tariffs.

MS Junior College Admissions Admissions 2026-27

Oman is India’s second-largest trading partner in the Gulf region and serves as a strategic gateway to the wider GCC market through its advanced port infrastructure.

Bilateral trade between India and Oman reached USD 11.18 billion in FY 2025-26, up from USD 10.61 billion in FY 2024-25.

Press Trust of India

Press Trust of India (PTI) is India’s premier news agency, having a reach as vast as the Indian Railways. It employs more than 400 journalists and 500 stringers to cover… More »
Back to top button