“A Boost for Exports and MSMEs: Inside the India–Oman CEPA”, India Narrative, January 15, 2026
“The India–Oman Comprehensive Economic Partnership Agreement (CEPA) represents a significant milestone in India’s expanding network of deep trade agreements. Unlike traditional free trade agreements that focus narrowly on tariff reductions, this agreement is designed as a broad-based economic framework covering goods, services, investment, professional mobility, and regulatory cooperation. Its objective is to create predictable, long-term conditions for trade and investment while safeguarding sensitive domestic sectors.
Expanding Bilateral Economic Engagement
India and Oman have steadily deepened their economic ties over the past decade, creating the foundation for a comprehensive partnership. Bilateral trade reached USD 10.61 billion in FY 2024–25, up from USD 8.94 billion in FY 2023–24, highlighting the rapid expansion of commercial relations. Trade during April–October 2025 alone amounted to USD 6.48 billion, indicating sustained momentum.
India’s merchandise exports to Oman stood at USD 4.06 billion in FY 2024–25, while imports from Oman were valued at USD 6.55 billion, reflecting Oman’s importance as a supplier of energy and mineral-based products. In services, India has maintained a strong surplus: exports increased from USD 397 million in 2020 to USD 617 million in 2023, driven by telecommunications, IT, transport, and other business services…….”
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