India secures new trade gateway through Oman pact as Hormuz crisis deepens

New Delhi: India’s expanding partnership with Oman offers Delhi an alternative route for crucial imports amid supply disruptions caused by the closure of the Strait of Hormuz, experts said on Friday, as a free trade pact between the two countries went into effect earlier this week. Under the India-Oman Comprehensive Economic Partnership Agreement, India will export most of its goods without paying tariffs, covering about 99 percent of the total value of India’s exports to Oman.

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