India, Oman Seal Trade Deal Negotiations, Pact Signing Soon: Details

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Upgraded 10 August 2025 at 13:49 IST

The finalisation and inking of the proposed open market pact in between India and Oman is inching closer to a main statement.

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The finalisation and inking of the proposed open market pact in between India and Oman is nearing its anticipated statement, according to an authorities, mentioning media reports.

The main discussed that the trade contract text is being equated into Arabic in Oman. The next action towards a main statement would the requisite cabinet of both nations to have actually authorized the arrangement.

“Both countries have, in principle, decided to announce the conclusion and signing together,” the authorities stated.

When asked if it would take 2 to 3 months, the authorities stated,[“Much less” than that.

The talks including Comprehensive Economic Partnership Agreement (CEPA) began brewing back in November 2023.

The nature of such contracts is such that 2 trading partners either considerably minimize or remove customizeds tasks on an optimal variety of items traded in between them.

They likewise reduce standards to promote sell services and draw in financial investments.

Oman is the third-largest export location amongst the Gulf Cooperation Council (GCC) nations for India. India currently has a comparable arrangement with another GCC member, the UAE, which entered impact in May 2022.

The bilateral trade was in between both countries was over USD 10 billion (exports USD 4.06 billion and imports USD 6.55 billion) in 2024-25.

India’s essential imports are petroleum items and urea. These represent over 70 percent of imports. Other significant items are propylene and ethylene polymers, animal coke, plaster, chemicals, and iron and steel.

Released 10 August 2025 at 13:49 IST