India and Oman have signed a landmark Comprehensive Economic Partnership Agreement (CEPA) during Prime Minister Narendra Modi’s visit, elevating their centuries-old civilizational and maritime ties into a modern strategic economic partnership. The pact significantly deepens cooperation across sectors such as energy, agriculture, logistics, manufacturing, healthcare, financial services, green development, education, and connectivity.
Under CEPA, India gains zero-duty access on over 98% of Oman’s tariff lines, covering more than 99% of Indian exports, benefiting labour-intensive industries, MSMEs, artisans, and women-led enterprises. Services trade, skilled mobility, and 100% FDI for Indian companies in key sectors receive a major boost, while sensitive Indian sectors remain protected. With bilateral trade already at USD 10.61 billion (FY 2024–25) and strong people-to-people ties—including nearly 700,000 Indians living in Oman—the agreement is expected to substantially expand trade, investment, and employment, positioning Oman as a strategic gateway for India to West Asia and Africa and setting a template for future Gulf partnerships.