India and Oman to implement Free Trade Agreement from June 1, 2026

Key facts

• The Free Trade Agreement (FTA) between India and Oman, signed in December 2025, is expected to come into force from June 1, 2026.
• The FTA will provide duty-free access to 98 per cent of India's exports to Oman, including textiles, agri, and leather goods.
• Under the agreement, India will reduce tariffs on Omanese products such as dates, marbles, and petrochemical items.
• India and Chile are negotiating to widen the scope of their 2006 Preferential Trade Agreement (PTA) to a Comprehensive Economic Partnership Agreement (CEPA).
• The India-Chile CEPA aims to encompass digital services, investment promotion and cooperation, Micro, Small, and Medium Enterprises (MSMEs), and critical minerals.
• Chile is the top producer of copper and holds the world's largest lithium reserves.
• In 2024-25, India's exports to Chile declined 2.46 per cent to USD 1.15 billion, while imports grew 72 per cent to USD 2.60 billion.