Oman opens free market access for Indian goods

The Comprehensive Economic Partnership Agreement (CEPA) between Oman and India is reshaping how the two countries work together on trade and technology. Signed during Indian Prime Minister Narendra Modi’s recent visit to Oman, the agreement goes beyond a traditional trade deal and focuses on long-term cooperation.

“CEPA is not just about reducing tariffs; it is about building a frictionless trade corridor powered by technology and trust,” said Indian Prime Minister Narendra Modi.

Trade between Oman and India is already strong, with bilateral trade reaching over US$10 billion in the last financial year. CEPA aims to build on this by cutting tariffs, speeding up customs procedures, and making trade simpler and more digital. Oman has offered zero-duty access on most tariff lines for Indian goods, while India has opened up a large share of its market to Omani exports. This gives businesses on both sides more clarity and confidence.

The agreement also supports Oman’s push to diversify its economy. It encourages cooperation in areas such as manufacturing, renewable energy, healthcare, food, and financial services. Faster approvals, paperless trade, and smoother logistics are expected to help Oman strengthen its role as a regional trade hub.

CEPA also places strong focus on services, technology, and talent movement. By easing the flow of professionals and promoting digital trade, the agreement supports skills development and knowledge sharing. Overall, CEPA reflects a shift towards modern, technology-driven economic ties between Oman and India.