TaxTMI 
TaxTMI 
Highlights of India-Oman free trade agreement
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....ighlights of India-Oman free trade agreement<BR>Customs & Trade<BR>Dated:- 18-12-2025<BR>PTI<BR>Muscat, Dec 18 (PTI) The following are the highlights of the India-Oman free trade agreement signed on Thursday. It is officially called CEPA (Comprehensive Economic Partnership Agreement). GOODS: *Oman has offered zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per cent of ....
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....India's exports to Oman. *First-ever commitment by any country on traditional medicine across all modes, opening significant opportunities for India’s Ayush and wellness sectors. *All major labour-intensive sectors, including gems & jewellery, textiles, leather, footwear, sports goods, plastics, furniture, agricultural products, engineering products, pharma, medical devices, and auto, receive....
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.... full tariff elimination. *Immediate tariff elimination is being offered on 97.96 per cent tariff lines. *India is offering tariff liberalisation on 77.79 per cent of its total tariff lines (12,556), which covers 94.81 per cent of India's imports from Oman by value. *For products of export interest to Oman and which are sensitive to India, the offer is mostly a tariff-rate quota (TRQ) based tar....
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....iff liberalisation. *No duty concessions for sensitive products - agri products, including dairy, tea, coffee, rubber, and tobacco products; gold and silver bullion, jewellery; footwear, sports goods; and scrap of many base metals. *Fast tracking of marketing authorisations for pharmaceutical products approved by the USFDA, EMA, and UKMHRA, among others. SERVICES: *Oman's global services im....
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....ports stand at USD 12.52 bn, while India's share is just 5.31 per cent. *Data reflects significant untapped potential for Indian service providers. *Oman extends substantial commitments across a broad spectrum of sectors, including computer-related services, business and professional, audio-visual, R&D, education and health services. *For the first time, Oman offers wide-ranging commitments und....
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....er Mode 4 (movement of professionals). *Notable increase in quota for Intra-Corporate Transferees from 20 per cent to 50 per cent, together with a longer permitted duration of stay for contractual service suppliers, extended from the existing 90 days to two years, with the possibility of a further two-year extension. *More liberal entry and stay conditions for skilled professionals in key sector....
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....s, such as accountancy, taxation, architecture, and medical. *CEPA provides for 100 per cent FDI by Indian companies in major services sectors in Oman. *Both agreed to hold future discussions on social security coordination, once Oman's contributory social security system is implemented. GENERAL INFO: *This is the first bilateral agreement that Oman has signed with any country since the US ....
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....in 2006. *Bilateral trade stands at over USD 10 billion in 2024-25. *Oman is an important strategic partner in the Gulf region and is a key gateway for Indian goods and services to the wider Middle East and Africa. *Nearly 7 lakh Indian nationals reside in Oman, including Indian merchant families, for over 200-300 years. *Over 6,000 Indian establishments operating across sectors in Oman. *Ann....
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....ual remittances of around USD 2 billion from Oman. *This is the second trade pact signed in the last 6 months, after the UK. PTI RR CS BAL BAL<BR> News - Press release - PIB....