India and Oman Advance CEPA Talks to Boost Trade and Investment

  • Indian Commerce Minister Piyush Goyal concluded a successful visit to Muscat, advancing Oman-India CEPA negotiations.
  • Bilateral trade between Oman and India in 2023-24 valued at US$8.94 billion, with discussions focusing on reducing tariffs.
  • CEPA negotiations, initiated in November 2023, aim to enhance trade in goods, services, and investments.
  • Goyal co-chaired the 11th India-Oman Joint Commission Meeting, emphasizing cooperation in trade, technology, and renewable energy.
  • A protocol to amend the India-Oman DTAA was signed to streamline tax procedures and encourage economic collaboration.
  • Goyal engaged with key Omani leaders and business forums to strengthen economic ties and explore investment opportunities.
  • Discussions also highlighted cultural engagements, India’s economic growth, and people-to-people connections with Oman.