India-Oman CEPA to open up new avenues for trade, services, mobility

India and Oman on Thursday signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major step toward strengthening bilateral economic relations and deepening India’s engagement with the Gulf region.

- STATESMAN NEWS SERVICE

The agreement was signed by Union Minister for Commerce and Industry Piyush Goyal and Oman’s Minister of Commerce, Industry & Investment Promotion Qais bin Mohammed Al Yousef.

Welcoming the agreement, Piyush Goyal expressed gratitude to PM Modi for his visionary guidance, stating that the India-Oman CEPA strengthens historicties unlocks near-universal duty-free access for Indian goods, expands services opportunities, enhances professional mobility, and promotes inclusive growth while safeguarding national interests.

“A landmark element of the Agreement is Oman's first-ever commitment on Traditional Medicine, creating new opportunities for Indias AYUSH and wellness ecosystem in the Gulf region. This is a balanced and ambitious agreement that will boost bilateral trade, strengthen supply chains, create employment, and deepen long-term economic partnership, in line with India's vision of inclusive and sustainable growth,” Piyush Goyal said.