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2 clusters · 4 sources · 25 days · First seen · Last updated

India-Oman trade and economic cooperation

Overview

India and Oman have significantly strengthened their economic ties following the implementation of the Comprehensive Economic Partnership Agreement (CEPA) in June 2026. This agreement provides duty-free access to over 99 percent of India's exports to Oman by value.

In June 2026, India's engineering goods exports to Oman saw a dramatic increase, rising more than five times to $258.97 million, representing a 420 percent annual rise. This surge contributed to a broader 21 percent year-on-year increase in India's total engineering goods exports.

Oman is further leveraging these developments to position itself as a strategic gateway for South Asian businesses. This includes efforts to establish the Oman–South Asia Investment and Trade Corridor, which seeks to link Oman, Sri Lanka, and the wider South Asian market through special economic zones to facilitate regional market access and logistics cooperation.

Entities

Oman · Pankaj Chadha · United States · Engineering Export Promotion Council of India · India

Timeline

  1. 22 days ago

    [BUSINESS] 4 sources
    Oman expands strategic trade links with Sri Lanka and India

    Oman is positioning itself as a strategic trade gateway, developing an investment corridor with Sri Lanka and leveraging the CEPA agreement to connect Indian businesses to Gulf and African markets.

  2. about 2 months ago

    [BUSINESS] 2 sources
    India's engineering goods exports jump 21% in June, Oman shipments surge five‑fold

    India's engineering goods exports rose 21% to $11.48 bn in June 2026, with Oman shipments surging over five‑fold to $259 m and the US remaining the top market.

Sources

lankanewspapers.com · lankanewsweb.net · newsable.asianetnews.com · see.mv