India-Oman CEPA takes effect: 98% duty-free access opens doors for textiles, pharma, MSMEs: Piyush Goyal

India-Oman trade pact takes effect tomorrow, granting duty-free export access

India's CEPA with Oman takes effect June 1, granting 100% duty-free access to Indian exports across textiles, agriculture, steel, and machinery on $11.18B in bilateral trade. For IT and professional services firms, the deal is notable: Oman has locked in the first FTA-specific commitments for Indian IT, engineering, and consulting talent, raising the ICT cap from 20% to 50%.