CCI Clears DAE's Acquisition of Macquarie AirFinance (See 'Corp Brief') CCI okays UPL group's crop protection businesses reorganisation (See 'Corp Brief') IBC - By virtue of Section 238, IBC overrides Electricity Act, 2003 and allied state electricity recovery laws to extent of inconsistency: HC (See 'Legal Desk') India, South Africa Deepen Ties in AI and Future Technologies (See 'Corp Brief') India-Oman Comprehensive Economic Partnership Agreement (See 'Corp Brief') NPCI International, ACLEDA Bank launch cross-border UPI payments in Cambodia (See 'Corp Brief') IBC - An application u/s 9 not maintainable when operational debt & its basis are doubtful & unsupported by cogent evidence: NCLT (See 'Legal Desk') Centre-States partnership advances reforms for sustainable rural water delivery (See 'Corp Brief') Embrace AI and Emerging Technologies, but Keep Compassion: Nadda (See 'Corp Brief') Governor of Telangana interacts with Meghalaya student delegation (See 'Corp Brief') Digital India BHASHINI, Current AI & Kalpa Impact launch VYOMA Innovation Challenge (See 'Corp Brief') Companies Act - Auditor's remark stating that company has an internal audit system which needs to be strengthened, does not amount to 'qualification', and failure to furnish explanation on such remark does not attract penal liability: HC (See 'Legal Desk') Chouhan launches 'Khet Bachao Abhiyan' from Raisen, MP (See 'Corp Brief') PMLA - Special Courts under PMLA cannot take cognizance of prosecution complaint without first giving accused opportunity of hearing, as mandated under first proviso to Sec 223(1) of BNSS: SC (See 'Legal Desk') Gadkari reviews quality of NH Projects in West Bengal and AP (See 'Corp Brief') Digital India BHASHINI & DPIIT sign MoU for Multilingual Access Across India's Investment Ecosystem (See 'Corp Brief') NI Act - After adoption of electronic clearance system, cheque return memo or bank endorsement need not bear seal or signature to be acted upon under Sections 138 and 146: HC (See 'Legal Desk') National Workshop on R&D in Water to drive Bharat's Next Wave of Water Innovation (See 'Corp Brief') PM SVANidhi completes Six Years of Empowering Street Vendors (See 'Corp Brief') DCA reviews implementation of Legal Metrology Reforms in N-E and UTs (See 'Corp Brief') Raksha Mantri & UP Chief Minister inaugurate 'Nausena Shaurya Vatika' in Lucknow (See 'Corp Brief') IBC - Offences u/s 68 and 235A of Code can be prosecuted only before competent Special Court in manner prescribed u/s 236 of Code: NCLT (See 'Legal Desk') A Highway bringing New Possibilities to Heart of Central India: Boregaon to Shahpur (See 'Corp Brief') National Biodiversity Authority realises Rs. 21.26 Crore through Benefit Sharing Mechanism (See 'Corp Brief') Ayushman Bharat Digital Mission crosses Landmark Milestone of 90 Crore ABHA Accounts (See 'Corp Brief') SEBI - Assessee's request for inspection of documents cannot be allowed where these form part of SEBI's internal administrative process & are not necessary for replying to SCN: SAT (See 'Legal Desk') Moratorium under the IBC (See CORP EINSICHT)

Print

India-Oman Comprehensive Economic Partnership Agreement

Published: Jun 04, 2026

By TIOLCorplaws News Service

NEW DELHI, JUN 04, 2026: THE India-Oman Comprehensive Economic Partnership Agreement (CEPA) has come into force on 1st June 2026, marking a major milestone in strengthening the economic and strategic partnership between the two countries. The Agreement was signed on 18 December 2025 by Union Minister of Commerce and Industry Piyush Goyal and H.E. Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion of the Sultanate of Oman, under the leadership of Prime Minister Narendra Modi.

The CEPA provides significant market access opportunities for India's textiles and apparel sector. Oman has accorded immediate duty-free access on all 945 textile and apparel tariff lines eliminating the existing 5% MFN duty and substantially enhancing the price competitiveness of Indian products in the Omani market. Moreover, immediate zero duty access by elimination of the 5% MFN duty has also been provided on exports of handicraft lines. This places India in a strong position to expand its exports and consolidate its presence in a key Gulf market.

India's exports of textiles, apparel and handicrafts to Oman stood at USD 95.1 million in FY 2025-26, while Oman imports textiles and apparel worth approximately USD 598 million annually. With India currently accounting for around 11% of Oman's total imports and ranking as its third-largest supplier, the CEPA provides a clear opportunity to significantly scale up exports and gain greater market share. Indian exporters are well-positioned to tap into growing demand in Oman across key segments such as apparel, made-ups, carpets, and fabrics, particularly in value-added and design-oriented products.

The Agreement incorporates a modern and fully digitalized Certificate of Origin (CoO) framework, enabling seamless electronic exchange of origin certificates between the two countries, reducing transaction costs, improve efficiency, and facilitate smoother trade flows.

CEPA shall also strengthen cooperation in intellectual property rights, reaffirming both countries' rights under the WTO TRIPS Agreement and ensuring national treatment in the protection of IPR. The Agreement provides for recognition of Geographical Indications (GIs), which is expected to enhance the visibility and marketability of India's GI-tagged handloom and handicraft products in the Omani market, further promoting "Brand India" globally.

The entry into force of the India-Oman CEPA is expected to boost bilateral trade, deepen supply-chain linkages, and create new opportunities for Indian exporters, artisans and MSMEs. By providing comprehensive duty-free access and a transparent trade framework, the Agreement is set to accelerate India's textile exports to Oman and reinforce its position as a competitive and reliable supplier in the global market.

In the midst of the geopolitical developments in the West Asia, Oman has emerged as a gateway for trade with the Gulf Cooperation Council (GCC) nations, by bypassing the chokepoints like the Strait of Hormuz though ports like Sohar. The bilateral trade agreement would further strengthen a broader connectivity with the Gulf Cooperation Council (GCC) nations and the East African region.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.