- 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.