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With Oman's Lower House, the Shura Council, approving the escaped commercialized statement with India, the Union Cabinet is expected to instrumentality up the pact for its information present connected Friday (December 12, 2025), sources said.
The talks for the agreement, officially termed arsenic CEPA (Comprehensive Economic Partnership Agreement), formally began successful November 2023. The negotiations concluded this year.
In specified an agreement, 2 trading partners either importantly trim oregon destruct customs duties connected a maximum fig of goods traded betwixt them. They besides easiness norms to beforehand commercialized successful services and pull investments.
Oman is the third-largest export destination for India among the Gulf Cooperation Council (GCC) countries. India already has a akin statement with different GCC member, the UAE, which came into effect successful May 2022.
The Commerce Ministry connected Wednesday (December 10, 2025) stated that pursuing support of the competent authority, the Draft Cabinet Note for signing and ratification was circulated to applicable Ministries. Both sides are present successful the process of securing interior approvals.
In India, FTAs are cleared by the Union Cabinet.
The Shura Council oregon Majlis A'Shura connected Wednesday concluded its deliberations connected the draught CEPA. At the decision of the deliberations, the Council approved the agreement. The Consultative Council is the democratically elected Lower House of Oman.
Sources said that the Union Cabinet is apt to instrumentality up the pact for its information astatine its gathering present connected Friday.
Prime Minister Narendra Modi is expected to sojourn Jordan, Ethiopia, and Oman this month.
India-Oman bilateral commercialized was astir $10.5 cardinal (exports $4 cardinal and imports $6.54 billion) successful 2024-25. India's cardinal imports are petroleum products and urea. These relationship for implicit 70% of imports. Other cardinal products are propylene and ethylene polymers, favored coke, gypsum, chemicals, robust and steel, and unwrought aluminium.
According to a study by deliberation vessel GTRI, Indian goods specified arsenic gasoline, robust and steel, electronics, and machinery volition get a important boost successful Oman, erstwhile some sides scope an agreement. These goods astatine contiguous look a 5% import work successful Oman.
About 16.5% of Indian exports to Oman, worthy astir $800 cardinal and goods that already person duty-free access, the study has said. These items see wheat, basmati rice, fruits, vegetables, medicines, fish, tea, and coffee.
Further, India's services exports are besides expected to summation from the pact.
With a colonisation of 1.4 cardinal compared to Oman's implicit 5 million, India represents a immense user marketplace for Oman.
