Overview
- Oman’s elected Lower House said it approved the draft Comprehensive Economic Partnership Agreement after concluding deliberations on Wednesday.
- The Indian Union Cabinet is expected to take up the proposal on Friday, with people familiar saying approval is likely before the 15–18 December trip.
- Negotiations were reported concluded, with text and market‑access offers settled and domestic clearances now underway on both sides.
- Bilateral trade totaled about $10.5–$10.61 billion in 2024–25, with Indian imports led by petroleum products and urea, and analysts say tariff cuts could lift exports facing 5% duty in Oman.
- Ties also include defence and investment moves, with Oman transferring over 20 Jaguar airframes to the IAF for spares and promoting Sohar as a destination under Vision 2040.