India and Oman are sealing a trade deal—here's what it means
Business
India and Oman are about to sign a big trade agreement this Thursday, aimed at making it easier (and cheaper) for Indian goods like petrol, machinery, and rice to reach Omani markets.
Right now, Indian products face some pretty steep tariffs in Oman—sometimes as high as 100%—so this move could really shake things up for exporters.
Why this matters
The pact will cut tariffs, helping Indian exports compete better in Oman. In FY2025, India exported $4.1 billion worth of goods there, led by fuel products.
The deal also promises faster approval for Indian medicines and opens the door for Oman to access more of India's energy market.
With over 6,000 joint ventures already connecting the two countries, this agreement is set to make those ties even stronger.