India, Oman Ink 'Historic' CEPA to Boost Trade, Investment & Jobs

• India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA), termed a "historic step" by PM Narendra Modi, to deepen bilateral economic ties.
• Oman offers zero-duty access on over 98% of its tariff lines, covering 99% of India's exports, benefiting sectors like textiles, gems, pharma, and automobiles.
• India will liberalise tariffs on nearly 78% of its tariff lines, covering 95% of imports from Oman, while protecting sensitive domestic sectors.
• The CEPA focuses on services, improving mobility for Indian professionals and allowing 100% FDI by Indian companies in Oman's services sectors.
• The agreement is expected to boost trade, create jobs, strengthen supply chains, and deepen long-term economic engagement between the two nations.

Why It Matters: India-Oman CEPA marks a new era of economic partnership, promising significant trade and investment growth.