India, Oman to Sign Landmark FTA in Muscat; PM Modi Present

• India and Oman will sign a Free Trade Agreement (FTA), officially the Comprehensive Economic Partnership Agreement (CEPA), in Muscat on Thursday.
• Prime Minister Narendra Modi will be present during the signing, part of his four-day, three-country visit.
• The agreement aims to boost economic ties by reducing customs duties, easing trade in services, and attracting investment.
• Oman is India's third-largest export destination among GCC countries; bilateral trade reached $10.61 billion in 2024-25.
• India already has a similar CEPA with the UAE, which came into effect in May 2022.

Why It Matters: India and Oman strengthen economic ties with a new FTA, boosting trade and investment.