Overview
- The Comprehensive Economic Partnership Agreement between India and Oman came into force on June 1, 2026, and officials marked the start by flagging off the first consignments using preferential tariffs.
- Oman removed duties on 98.08% of its tariff lines, covering 99.38% of India’s export value, while India placed 2,789 tariff lines on an exclusion list and will use tariff‑rate quotas for sensitive items.
- The pact includes deep services commitments across 127 sub‑sectors and mobility measures that raise the intra‑corporate transferee ceiling to 50% and allow longer stays for business visitors and specialists.
- Implementation steps now under way include finance ministry notifications of duty concessions, recognition of Indian certifications such as EIC and NPOP, and rules‑of‑origin and customs procedures that exporters must meet to claim benefits.
- Governments say the deal will help MSMEs and labour‑intensive sectors, expand use of Omani ports as a gateway to the Gulf and East Africa, and that measurable gains for jobs, investment and trade will depend on logistics and regulatory follow‑through over coming months.