India-Oman Relations: Cabinet Approves CEPA, Boosting $10.61B Trade

• India and Oman share centuries-old relations, dating back to the Indus Valley Civilization.
• The relationship has evolved into a strategic partnership, encompassing defense, energy, and investment.
• Bilateral trade between India and Oman reached $10.61 billion, with India importing crude oil and LNG, and exporting medicines, machinery, and food.
• The Indian Cabinet has approved the India-Oman CEPA (Free Trade Agreement), potentially to be signed during PM Modi's upcoming Muscat visit.

Why It Matters: New India-Oman trade deal could significantly boost economic ties.