- The India-Oman Comprehensive Economic Partnership Agreement (CEPA) came into force on June 1, 2026.
- The agreement was signed in Muscat on December 18, 2025.
- It aims to strengthen trade and economic cooperation between India and Oman.
- Indian exporters will receive preferential market access in Oman.
- Key sectors expected to benefit include: Textiles, Leather products, Plastics, Marine products, Automobiles, Sports goods and Agricultural products
- Preferential tariffs will help Indian products compete more effectively in the Omani market.
- Around 10 consignments of agricultural products and gems & jewellery were shipped under the new agreement on the first day.
- These shipments originated from Mumbai, Kolkata, and Chennai. Oman is India’s second-largest trading partner in the Gulf region.
- The country serves as an important gateway to the wider Gulf Cooperation Council market through its advanced port infrastructure.
- Bilateral trade between India and Oman reached $11.18 billion in FY 2025-26.
- Trade increased from $10.61 billion in FY 2024-25, showing growing economic ties.
- The agreement is expected to boost exports, enhance market access, and strengthen India’s presence in the Gulf region.