India–Oman CEPA Opens a New Trade Gateway Between South Asia, the Gulf and East Africa
The agreement gives duty-free access to 99.38 per cent of India’s exports to Oman by value, covering 98.08 per cent of Oman’s tariff lines. This is one of India’s most comprehensive market access outcomes in the Gulf region. Earlier, only 15.33 per cent of Indian exports entered Oman duty-free under the Most Favoured Nation regime. With CEPA, Indian exporters gain a major price advantage in Oman’s nearly 28-billion-dollar import market.