NEW DELHI: India’s free trade agreement with Oman is almost finalized, Commerce and Industry Minister Piyush Goyal has announced, only days after New Delhi signed a long-awaited trade pact with the UK.
Negotiations between India and Oman on a comprehensive economic partnership agreement formally began in November 2023, with the first round in New Delhi and the second in Muscat.
When the talks concluded in March 2024, Oman sought revisions on market access terms and the final signature was postponed.
“We are in negotiations at an advanced stage with Oman — almost finalized,” Goyal told reporters on Saturday evening, two days after he signed a multibillion-dollar free trade deal with the UK.
“The free trade agreement between India and UK, the Comprehensive Economic Trade Agreement, clearly reflects the growing relevance and importance of India at the world stage.”
