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India-Oman CEPA kicks in June 1: What gets cheaper, which sectors gain, and key benefits explained
By
, ET BureauLast Updated: Jun 01, 2026, 12:24:00 AM IST
Synopsis
India's Comprehensive Economic Partnership Agreement with Oman comes into effect on June 1, granting New Delhi 100% duty-free access for 98.08% of tariff lines, covering 99.38% of export value. This pact significantly boosts Indian exports across various sectors and enhances mobility for professionals, while also making certain Omani products cheaper for Indian consumers.
ANI This pact grants India 100 per cent duty-free market access for 98.08 per cent of Oman's tariff lines, significantly boosting exports in key sectors like textiles and agricultural goods.The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will come into force on June 1. It grants New Delhi 100% duty-free access across 98.08% of tariff lines, covering 99.38% of export value, with the benefits available from Day 1. KIRTIKA SUNEJA explains
INDIA’S EXPORTS GAINS
Engg goods, pharma, agri & processed food, marine products, textiles, chemicals, electronics, plastics, gems & jewellery
DUTY FREE EXPORTS
- Natural honey, cashew, boneless meat, bakery products
- Chocolate, sugar confectionery, mineral wate
- Cheese, curd, milk, cream, frozen fish, butter
- Animal & vegetable fats and oil
- Oman levies 5-100% duty at present
- Zero-duty access, consolidates India’s 98.3% share, making Oman India’s largest export destination for eggs
MOBILITY, SERVICES GAINS
- Enhanced mobility for Indian Professionals
- Temporary stay commitments for intra-corporate transferees, contractual service suppliers, business visitors, independent professionals
- Liberalised entry, stay for professionals in accountancy, taxation, architecture, medical
- Commitment on 100% FDI for Indian cos in major services sectors
- First-ever commitment by any country on traditional medicine
- Fast tracking of marketing authorisations for USFDA, EMA, UKMHRA-approved pharma products
WHAT BECOMES CHEAPER FOR INDIA
- Dates: Duty-free access to 2,000 tonnes of Omani dates annually
- Concessions to Oman’s Gum Arabica (used in food, medicines), Frankincense used in perfume sector
- Petrochemicals, Marble blocks
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