Overview
- The Indian government confirmed this week that formal talks for the Comprehensive Economic Partnership Agreement began in November 2023 and have now been concluded.
- The pact text is currently being translated into Arabic in Oman to ensure accurate alignment between both sides.
- After translation, the cabinets of India and Oman will review the agreement text ahead of a coordinated signing ceremony.
- An unnamed official indicated that the joint announcement and signing could occur in far less than the typical two- to three-month timeline.
- The CEPA aims to cut or eliminate customs duties and ease services trade between the partners whose bilateral exchanges topped USD 10 billion in 2024–25.