Muscat: India and the Sultanate of Oman on Thursday signed a Comprehensive Economic Partnership Agreement (CEPA), marking a significant step forward in their bilateral relationship. The agreement was finalised during Prime Minister Narendra Modi’s two-day visit to Oman, where he held extensive discussions with Sultan Haitham bin Tarik.
The Prime Minister was accorded a formal welcome at Al Baraka Palace, following which both leaders reviewed the entire spectrum of the India–Oman Strategic Partnership. The talks covered defence and security cooperation, trade and investment, energy collaboration, agriculture, technology, cultural exchanges and people-to-people ties, along with regional and global developments.
External Affairs Ministry spokesperson Randhir Jaiswal said the leaders also acknowledged the completion of 70 years of diplomatic relations, describing it as a strong foundation for deeper engagement.
Under the CEPA, nearly 98 per cent of Indian exports will receive duty-free access to Omani markets. The agreement is expected to boost bilateral trade, attract investments and generate employment across multiple sectors. The pact was signed by India’s Commerce and Industry Minister Piyush Goyal and Oman’s Minister of Commerce, Industry and Investment Promotion, Qais bin Mohammed Al Yousef.
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