Free Trade Agreement Economic Partnership Concessional Tariffs Bilateral Trade

Published

The India-Oman Comprehensive Economic Partnership Agreement (CEPA) is now operational, granting immediate duty-free access to 99.4% of Indian exports by value. The Ministry of Commerce flagged off the first foundational shipments of agricultural goods, engineering tools, and jewelry under concessional tariffs from major ports in Mumbai, Chennai, and Kolkata. Additionally, the Chennai Air Cargo Complex cleared the first export of chilled fish under a slashed zero-duty rate. To protect local markets, India has implemented a strict Tariff-Rate Quota framework on sensitive Omani imports like dates, marble, and petrochemicals, securing a vital shipping bypass during ongoing regional conflicts.

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