Oman's lower house approves India trade pact; Cabinet to consider Friday

• Oman's Shura Council approved a free trade agreement (CEPA) with India.
• India's Union Cabinet is expected to consider the CEPA on Friday.
• The CEPA aims to reduce customs duties and ease trade in services and investments between the two nations.
• Talks for the Comprehensive Economic Partnership Agreement (CEPA) began in November 2023 and concluded this year.
• The pact is expected to boost Indian exports like gasoline, iron, steel, and electronics to Oman, and benefit India's services exports.

Why It Matters: India-Oman trade pact will enhance economic cooperation and market access.