PM Modi's Oman Visit: CEPA Deal to Boost $10B Trade, 6000 JVs

• PM Modi to visit Oman (Dec 17-18); India-Oman Comprehensive Economic Partnership Agreement (CEPA) expected to be finalized.
• Bilateral trade between India and Oman reached $10.61 billion in 2024-25.
• Over 6,000 India-Oman joint ventures are active, with an estimated investment exceeding $7.5 billion.
• Oman agreed to eliminate duties on $3 billion worth of Indian exports, including agricultural products, gems, and textiles.
• India is keen to reduce tariffs on Omani petrochemicals, aluminum, and copper.

Why It Matters: India-Oman trade pact will deepen economic ties, boosting growth and reducing tariffs.