Oman
Trade News
India, US had positive discussions on trade deal: Commerce Department
India and the US held “constructive and positive discussions” across issues, covering trade in goods and nontariff measures and “reaffirmed” their commitment to conclude a mutually beneficial bilateral trade agreement (BTA) that strengthens trade and economic ties, according to the Commerce Department.
India-Oman CEPA set to unlock new export opportunities from June 1
India’s Comprehensive Economic Partnership Agreement (CEPA) with Oman, which is likely to come into force on Monday, is expected to not only unlock export opportunities worth nearly double India’s current outbound shipments to Oman, but also help Indian goods access the Gulf Cooperation Council (GCC) region while bypassing the conflict-sensitive Strait of Hormuz chokepoint.
India-Oman FTA likely to come into force from June 1: Piyush Goyal
The free trade agreement (FTA) between India and Oman is expected to come into force from June 1, Commerce and Industry Minister Piyush Goyal said on Tuesday. The agreement will provide duty-free access to 98 per cent of India's exports, including textiles, agri, and leather goods in Oman. On the other hand, India will reduce tariffs on Omanese products such as dates, marbles and petrochemical items.