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Prime Minister Narendra Modi and Commerce Minister Piyush Goyal are expected to question to Oman adjacent week to motion a escaped commercialized statement with that country, sources who are besides portion of the delegation person confirmed connected Wednesday (December 10, 2025). The nonstop dates and the creation of the delegation volition beryllium confirmed aft the Union Cabinet gives its approval.
India and Oman launched negotiations connected a Comprehensive Economic Partnership Agreement (CEPA) successful November 2023. Following 3 rounds of negotiations, betwixt November 2023 and March 2024, some sides reached an statement connected each aspects of the CEPA, including substance and marketplace entree offers, the Department of Commerce said successful a abstracted release.
A Cabinet connection regarding the deal, submitted successful March 2024, was deferred astatine the time, prompting further renegotiations. The 4th circular was held successful September 2024 and the 5th successful January 13-14, 2025, some of which focused connected revised offers.
According to the property note, some sides are present successful the process of securing interior approvals for the last deal. However, according to sources, this is much of a formality, with the woody having been finalised and the signing acceptable to hap soon.
“The Prime Minister and Commerce Minister are acceptable to sojourn Oman adjacent week, possibly connected December 17-18, to motion the deal,” a subordinate of the apt delegation told The Hindu. “The nonstop dates of the travel and creation of delegation volition beryllium finalised aft the Cabinet gives its approval, which is simply a formality astatine this point.”
Speaking to reporters successful Jaipur, Commerce Minister Piyush Goyal confirmed that talks with Oman are successful “their last stages” for a escaped commercialized agreement. He added that New Zealand Trade Minister Todd McClay is visiting New Delhi connected Friday (December 12, 2025) for dialog connected an FTA.
“With them, too, our talks person reached the past stages,” Mr Goyal said.
On the FTA with the European Union, Mr Goyal said that, pursuing the sojourn implicit the delegation from the EU implicit the past 8 days and of Maroš Šefčovič, EU Commissioner for Trade and Economic Security implicit the past 2 days, the wide outline of the woody person present been finalised.
“We discussed successful large detail, and helium [Šefčovič] met External Affairs Minister S. Jaishankar and Finance Minister Nirmala Sitharaman, and the wide contours of an FTA are ready,” Mr. Goyal said. “I americium assured that soon we volition implicit this arsenic well.”
On talks with the U.S., and with an American negotiating squad successful India currently, Mr. Goyal simply said that “we are moving guardant towards a Bilateral Trade Agreement”. The U.S. squad is expected to beryllium successful India until December 12.
