India and Oman sign Comprehensive Economic Partnership Agreement (CEPA) with wide tariff cuts and services access

Key facts

• India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) that will give duty-free access to over 98% of India’s exports to Oman.
• India agreed to cut tariffs on select Omani products such as dates, marbles and petrochemicals.
• Oman has offered zero-duty access on over 98% of its tariff lines, covering 99.38% of India’s exports to the country.
• India will provide tariff liberalisation on 77.79% of its total tariff lines, covering 94.81% of imports from Oman by value.
• Oman has made commitments across a wide range of services sectors, including computer-related services, professional and business services, audio-visual services, research and development, education and health services.
• Oman has offered wide-ranging commitments under Mode 4, including raising the quota for intra-corporate transferees from 20% to 50%, and extending the permitted stay for contractual service suppliers from 90 days to two years.
• The agreement allows 100% foreign direct investment by Indian companies in major services sectors in Oman through commercial presence.
• India–Oman bilateral trade stood at about $10.5 billion in 2024–25, with exports of $4 billion and imports of $6.54 billion.
• This is India’s second CEPA with a GCC member after the UAE agreement implemented in May 2022.