June 2, 2025
1 min read

India Signals FTA with Oman

The talks for the free trade pact with Oman started in November 2023, and Goyal visited the Gulf country from January 27 to January 28….reports Asian Lite News

Commerce and Industry Minister Piyush Goyal has signalled that India is close to finalising a free trade agreement (FTA) with Oman, with negotiations between the two countries progressing steadily.

“I think you will see some good news very soon on the Oman FTA,” the minister told journalists here.

The minister is on an official trip to France with the aim of boosting trade and investments and will also attend a ministerial meeting of the World Trade Organisation (WTO) on Tuesday.

The talks for the free trade pact with Oman started in November 2023, and Goyal visited the Gulf country from January 27 to January 28.

During the visit, Goyal co-chaired the 11th Session of the India-Oman Joint Commission Meeting. Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion of the Sultanate of Oman. The meeting saw productive discussions on enhancing bilateral cooperation in trade, investment, technology, food security, renewable energy and other key areas.

The two Ministers exchanged views on a bilateral India-Oman Comprehensive Economic Partnership Agreement (CEPA), which is at advanced stages of negotiations. Both Ministers agreed to expedite the discussions for an early signing of the CEPA, which will be a new milestone in bilateral trade relations and has the potential to significantly scale up two-way trade and investments.

The Minister also held a productive bilateral meeting with Minister Qais during which he undertook a detailed review of the bilateral trade and economic relations between India and Oman and identified concrete steps to further strengthen the mutually beneficial business ties.

On the sidelines of the visit, both sides signed the Protocol to amend the India-Oman Double Taxation Avoidance Agreement (DTAA), aligning it with international standards on cross-border taxation, simplifying tax procedures, and promoting greater cooperation in tax matters.

Oman is the third-largest export destination for India among the Gulf Cooperation Council (GCC) countries. The bilateral trade was about USD 10.5 billion, comprising exports of USD 4 billion and imports to the tune of USD 6.54 billion in 2024-25.

Previous Story

Hasina Charged with Crimes Against Humanity

Next Story

India Gains Malaysia’s Backing on Terror

Latest from -Top News

India, UK Cement Strategic Ties

Oliver Robbins met Vikram Misri in New Delhi for UK–India talks reviewing their strategic partnership….reports Asian Lite News Oliver Robbins, Permanent Under-Secretary at the UK’s Foreign, Commonwealth & Development Office (FCDO), met

India, Malaysia Stand Together on Terror

The Speaker reaffirmed Malaysia’s commitment to peace and thanked the Indian delegation for the briefing on India’s approach to dealing with terrorism at large…reports Asian Lite News An all-party Indian delegation met

Don’t Let Bailout Back Terror, Tharoor Warns IMF

Tharoor expressed his displeasure at the International Monetary Fund for enabling Pakistan thus as they divert those funds to arm themselves to attack India….reports Asian Lite News All-Party Delegation leader and Congress

India Doubles Down on BRICS at Brazil Talks

The BRICS Communications Ministers met in Brasilia under the Chair of Brazil on June 2, and conducted discussions on universal and meaningful connectivity…reports Asian Lite News India reiterated its commitment to enduring
Go toTop

Don't Miss

Is Modi’s Jammu speech a signal for a new beginning?

Significantly the change in the Indian Prime Minister’s tone and

Astra missile: Another big step in India’s Atmanirbhar drive

In continuous pursuit to achieve self-reliance in defence manufacturing and