India and Oman Operationalize Free Trade Pact as Bilateral Trade Hits $11.18 Billion
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) officially took effect on June 1, 2026. The implementation follows a year where bilateral trade climbed to $11.18 billion, up from $10.61 billion in FY 2024-25. The pact is designed to eliminate or significantly reduce duties across various goods and services categories.
The India-Oman trade pact is now live, marking a deliberate move to deepen economic ties within the Gulf Cooperation Council (GCC). Trade between the two nations climbed to $11.18 billion in FY 2025-26, building on the $10.61 billion recorded in FY 2024-25. The deal provides preferential market access for Indian exports in textiles, agriculture, and electronics, while easing entry for Omani petroleum and chemical products into the Indian market.
Oman serves as a strategic gateway for Indian goods heading toward Middle Eastern and African markets. Beyond simple tariff cuts, the enforcement of this CEPA streamlines customs procedures and establishes a more stable regulatory environment for cross-border investors.
| Metric | FY 2024-25 | FY 2025-26 |
|---|---|---|
| Total Bilateral Trade | $10.61 Billion | $11.18 Billion |
| Trade Status | Under Negotiation | Agreement Enforced |
Glossary
CEPA: Comprehensive Economic Partnership Agreement; a deep trade pact covering services, investment, and regulatory cooperation alongside goods.
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