India is set to sign a Comprehensive Economic Partnership Agreement (CEPA) with Oman, marking a significant step in deepening India’s economic engagement with the Gulf region.
This will be Oman’s second FTA with an individual country and its first in about 20 years. The agreement is expected to enhance market access, promote investments, and strengthen cooperation across key sectors, supporting trade diversification and supply chain resilience amid global economic shifts.
In recent years, India has signed several FTAs that are benefiting farmers, traders, and exporters:
United Kingdom (2025): CETA reduces tariffs on over 90% of traded goods, expanding bilateral trade.
EFTA (2024): Partnership with Switzerland, Norway, Iceland, and Liechtenstein, backed by strong investment commitments.
Australia (2022): ECTA eliminates tariffs on most traded goods, opening new export opportunities.
UAE (2022): CEPA reduces tariffs on 90% of Indian exports, boosting trade in gems, jewellery, textiles, leather, and engineering goods.
Mauritius (2021): India’s first Africa-focused trade pact, improving market access and positioning Mauritius as a gateway to Africa.
This growing network of agreements highlights India’s trade strategy of diversification, resilience, and mutually beneficial growth.
