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Recent Current Affairs related to Oman

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11 June 2026 AGREEMENTS

Under the Comprehensive Economic Partnership Agreement (CEPA), India has extended liberalized tariffs on 77.79% of its tariff lines, covering 94.81% of imports from Oman.

Oman has committed to expanding market access across 127 services sub-sectors, including binding provisions for professionals in various sectors. The agreement also enhances professional mobility, permitting business visitors to stay for up to 90 days, independent professionals for up to 180 days, and Intra-Corporate Transferees (ICTs) for up to 4 years.

9 June 2026 AGREEMENTS

The India-Oman Comprehensive Economic Partnership Agreement (CEPA) came into force in June 2026, in the presence of Union Minister Piyush Goyal.

Following the operationalisation, the first consignments availing preferential tariff benefits, including agricultural products, gems, and jewellery, were flagged off from Mumbai, Kolkata, and Chennai.

The CEPA provides duty-free export access on 99.38% of tariff lines, covering 98.08% of India’s exports. Under the previous Most Favoured Nation (MFN) regime, only 15.33% of India’s exports entered Oman duty-free.

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