India launches CEPA with Oman in $1.8 million shipment
India just sent a $1.8 million batch of goods to Oman, officially launching the new Comprehensive Economic Partnership Agreement (CEPA) between the two countries.
The shipment covers everything from gems and jewelry to marine products, engineering goods, minerals, and electric cables, all getting special duty perks in Oman.
Commerce Minister Piyush Goyal called Oman a key gateway for Indian trade into the Gulf region, East Africa, and beyond.
Oman to fast track Indian generics
One big win from CEPA: Indian generics approved by US E.U., or UK regulators will now get the green light in Oman within 90 days, so Omani patients can access affordable treatments faster.
The deal also commits to lifting Oman's ban on unpolished marble block exports (good news for artisans in Rajasthan and Andhra Pradesh) and guarantees better job opportunities for Indian workers in majority-Indian companies there.
Goyal says this pact not only boosts ties but could speed up talks for an even bigger India-GCC trade agreement.