Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times

India, Oman free trade pact comes into force

New Delhi: 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 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.

Read More: India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

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 1st June, 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.

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.

Read More:India-Oman CEPA kicks in June 1: What gets cheaper, which sectors gain, and key benefits explained

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.