India, Oman Ink Historic CEPA in Muscat: Boosts Trade, Investment & Gulf Ties

• India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) in Muscat, marking a significant milestone in their economic relationship.
• The CEPA, Oman's second such deal, aims to cut or eliminate tariffs, facilitating easier trade in goods and services like textiles, chemicals, and engineering goods.
• Signed during PM Modi's three-nation tour, the agreement is expected to promote greater investment, jobs, and mutual prosperity.
• Beyond trade, the pact strengthens India's strategic engagement in the Gulf, focusing on energy security, port connectivity, and investments in Oman's logistics.
• PM Modi called the CEPA a "blueprint of our shared future," emphasizing its potential for strengthened bilateral ties and regional collaboration.

Why It Matters: India and Oman's CEPA is a strategic win, boosting trade, investment, and India's Gulf presence.