Archive · 13 Dec 2025
India-Oman Free Trade Pact Approved
India and Oman have approved a free trade agreement (FTA) that will reduce or eliminate customs duties on many goods.
This agreement is expected to boost trade and investment between the two countries.
India's Union Cabinet approved the FTA, and it is expected to be signed during Prime Minister Narendra Modi's visit to Oman on December 17-18, 2024.
Oman is a significant trade partner for India, especially for imports like petroleum products and urea.
Additionally, Prime Minister Modi will visit Jordan and Ethiopia from December 15 to 18, 2024, to strengthen bilateral ties in areas like trade, defence, and regional cooperation.
This visit marks important anniversaries in India's diplomatic relations with these countries.
India's Union Cabinet approved a free trade agreement (FTA) with Oman, expected to be signed during Prime Minister Narendra Modi's visit on December 17-18, 2024.
Formal negotiations for the Comprehensive Economic Partnership Agreement (CEPA) began in November 2023 and were completed earlier this year.
Oman is India's third-largest export destination among Gulf Cooperation Council (GCC) countries, with bilateral trade valued at $10.5 billion in 2024-25.
Prime Minister Modi will begin a four-day trip to Jordan, Ethiopia, and Oman from December 15, with the visit to Oman marking 70 years of diplomatic relations.
Key Indian imports from Oman include petroleum products and urea, while major exports include mineral fuels, chemicals, and precious metals.
- Who
- India and Oman
- What
- Approval and signing of a free trade agreement (FTA) and Prime Minister Narendra Modi's visit to Jordan, Ethiopia, and Oman
- When
- December 2024
- Where
- India and Oman (FTA), Jordan, Ethiopia, Oman (PM Modi's visit)
- Why
- To promote trade, investment, and strengthen bilateral relations
- Trade Volume
- $10.5 billion (2024-25)
- Indian Exports to Oman
- $4 billion
- Indian Imports from Oman
- $6.54 billion
- Key Indian Imports
- Petroleum products, urea, propylene and ethylene polymers, pet coke, gypsum, chemicals, iron and steel, unwrought aluminium
- Key Indian Exports to Oman
- Mineral fuels, chemicals, precious metals, iron and steel, cereals, ships, boats and floating structures, electrical machinery, boilers, tea, coffee, spices, apparel, and food items
- FTA Approval Date
- December 2024
- Diplomatic Relations Duration
- 70 years
- PM Modi's Visit Dates
- December 15-18, 2024
- Countries Visited by PM Modi
- Jordan, Ethiopia, Oman
- FTA Signing Date
- December 17-18, 2024
Sources
PM Modi to undertake 3-nation visit to Jordan, Ethiopia and Oman from Dec 15
PM Modi to visit Jordan, Ethiopia, Oman from Dec 15 to 18
Oman Approves FTA With India
Modi to visit Jordan, Ethiopia, Oman from Dec 15 to 18
PM Modi to visit Jordan, Ethiopia, Oman from Dec 15-18
Union Cabinet expected to consider India-Oman FTA on December 12: Govt sources
Goyal says US should sign India trade deal if satisfied as FTA talks advance without deadline
New Zealand's Delegation Will Visit India, FTA Talks To Boost Trade Flow & Interlock Investment Ties
India, New Zealand Talks Aim to Speed Up FTA Process
Cabinet approves India-Oman FTA text
Cabinet Gives Nod For India-Oman Free Trade Pact Ahead Of PM Modi’s Visit
Cabinet approves India-Oman trade pact; may be signed during PM's Oman visit on Dec 17-1
