CEPA will add a new momentum to India’s ties with Oman:Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal has said that India-Oman Comprehensive Economic Partnership Agreement – CEPA which was signed six month ago, has come into force from June 1. Addressing media in New Delhi, Goyal on Monday said that CEPA is not simply a trade agreement; it is a statement of civilisational trust. Goyal said that this comprehensive agreement will add a new momentum to India’s ties with Oman. The Union Minister informed that from day one , India will secure duty free access on 98 percent of Oman’s tariff lines covering over 99 percent of India’s export to Oman. He added that as this agreement takes effect, India’s workers, MSMEs and exporters in various sectors like textiles, sportswear, Agri products, pharma and medical devices, leathers , automobiles and marine products will step on to a preferential access against the competitors in Omani market. Goyal said, this balanced free trade agreement opens doors to India’s export to Oman while protecting livelihoods. “We are also looking forward to welcoming products from Oman, which are required in the Indian ecosystem and which will benefit our consumers, our business,” Goyal said noting that dates from Oman are considered “very special” and the “best in the world.” Oman has also committed to lifting its decades-old ban on exporting unpolished marble, allowing craftsmen in Rajasthan and Andhra Pradesh to source raw material directly.

India-Oman CEPA is not just a trade agreement, but a statement of civilisational trust. #IndiaOmanCEPA pic.twitter.com/wzb3wqDWOU

— Piyush Goyal (@PiyushGoyal) June 1, 2026

Goyal stated that the first tranche of the bilateral trade deal between India and the United States will be signed soon and added that all major points have been settled between the delegations. India has also launched talks with the Eurasian Group covering Russia and Central Asia, and has received expressions of interest from Mexico and Ecuador.