New Delhi, Sept. 10 -- In a week's time, chances are high that India and Oman will ink a Free Trade Agreement (FTA) to boost trade and commerce between both countries, Minister of Commerce Piyush Goyal said on Wednesday.

"Oman and India are talking on an FTA, and it may happen in a week," he said while addressing the 'FICCI LEADS' event in New Delhi, adding that efforts will be made to expedite the discussion.

The FTA would be under the Comprehensive Economic Partnership Agreement.

Negotiations for a comprehensive trade deal between India and Oman, which commenced in 2023, have been concluded recently.

"India wants to be a part of the developed world. We want to work with friendly countries," he said, adding that India wants to engage...