The free trade agreement between India and Oman came into force on Monday, Commerce and Industry Minister Piyush Goyal said.
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will benefit domestic exporters in sectors like 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.
The free trade pact was signed on December 18 in Muscat. Upon completion of internal processes by both parties, the agreement entered into force on June 1. 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.
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.
Also read: ‘India’s focus should be on FTA implementation’
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