India-Oman CEPA takes effect: 98% duty-free access opens doors for textiles, pharma, MSMEs: Piyush Goyal
New Delhi, June 1 -- Union Commerce and Industry Minister Piyush Goyal on Monday said that the India-Oman Comprehensive Economic Partnership Agreement (CEPA) that takes effect from today (June 1) will give Indian exporters immediate duty-free access to Oman and expand opportunities in services, pharmaceuticals and labour-intensive sectors
"The Comprehensive Economic Partnership Agreement will add new momentum to India's ties with Oman," Goyal said adding that it positions Oman as a gateway to the wider Gulf, Asia and Africa.
"From today, India will secure duty-free access on 98% of Oman's tariff lines, covering over 99% of India's exports to Oman," Goyal said. "As we speak more than 10 consignments are being shipped availing preferentia...
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