India-Oman Trade Pact Kicks Off Q1 Next Fiscal, Targets 50% Export Surge

• India and Oman to implement Comprehensive Economic Partnership Agreement (CEPA) from Q1 next fiscal year.
• India aims to boost merchandise exports to Oman by 50% in three years, from $4.06 billion to over $6 billion.
• India excluded 2,789 tariff lines, gold, silver, petroleum, and non-ferrous metals to protect domestic sectors.
• CEPA ensures Oman's "Omanisation" policy won't adversely affect Indian workers, providing equal opportunities.
• Agreement to make Omani petrochemicals, dates, marble, and frankincense cheaper in India; regulatory fast-tracking for pharma exports.

Why It Matters: India and Oman's CEPA implementation from Q1 next fiscal targets a significant export boost and fair employment.