India, May 13 -- Union Commerce and Industry Minister Piyush Goyal on Tuesday said the India-Oman free trade agreement (FTA), signed in December 2025, is likely to come into force from June 1, 2026.

The agreement is expected to significantly boost bilateral trade by granting duty-free access to nearly 98 per cent of India's exports to Oman, including textiles, agricultural products and leather goods. In return, India will lower tariffs on key Omani exports such as dates, marble and petrochemical products.

The announcement came as an Omani delegation visited India to explore avenues for enhancing trade and investment cooperation.

Goyal also highlighted progress in trade discussions with Chile, noting that both sides are working to brid...