India-Oman CEPA comes into force today; opens duty-free access on 98% of tariff lines
New Delhi, June 1 -- The India-Oman Comprehensive Economic Partnership Agreement (CEPA) comes into force from today, marking a significant milestone in bilateral economic relations and providing Indian exporters with duty-free access across 98.08 per cent of Oman's tariff lines, covering 99.38 per cent of India's export value.
The trade pact is expected to boost merchandise exports from India by improving market access for key sectors including engineering goods, pharmaceuticals, agriculture and processed food products, marine products, textiles, chemicals, electronics, plastics, gems and jewellery.
Under the agreement, several Indian products will enjoy immediate duty-free access to the Omani market. These include natural honey, cashew...
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