Union Cabinet to consider India-Oman FTA on Dec 12: Sources

• Union Cabinet expected to consider India-Oman FTA on December 12.
• Oman's Shura Council approved the Comprehensive Economic Partnership Agreement (CEPA) on December 10.
• Prime Minister Modi is expected to visit Oman on December 17-18, marking 70 years of diplomatic relations.
• Bilateral trade between India and Oman declined from $12.39 billion in FY23 to $8.94 billion in FY24.
• If signed, this would be India's second FTA with a GCC country, after the UAE trade deal.

Why It Matters: This FTA could enhance India's trade, investment, and strategic ties with Oman.