India and Oman- landmark Comprehensive Economic Partnership Agreement

Today, the India–Oman Comprehensive Economic Partnership Agreement (CEPA) entered into force marking a defining milestone in bilateral economic relations and opening a transformative new chapter in strategic trade and investment cooperation between the two countries.

The India-Oman CEPA was signed in Muscat in the presence of Prime Minister Narendra Modi and His Majesty Sultan Haitham bin Tarik Al Said. After completion of internal processes by both sides, the Agreement has entered into force on 1st June, 2026.

The Agreement was operationalized in the presence of Union Minister of Commerce and Industry Minister Piyush Goyal and Issa Saleh Al Shibani, Ambassador of Oman to India. To mark the entry into force the first consignments availing preferential tariff benefits under the Agreement included agriculture and gems and jewellery exports from Mumbai, Kolkata and Chennai were flagged off.

Oman is India’s second-largest trading partner in the Gulf region and serves as a strategic gateway to the wider GCC market through its advanced port infrastructure. Bilateral trade between India and Oman reached USD 11.18 billion in FY 2025-26, registering a positive trend from USD 10.61 billion in FY 2024-25. (updated on 1st june 2026)