India, Oman set to boost trade with new CEPA
India is about to sign a big trade deal—called the Comprehensive Economic Partnership Agreement (CEPA)—with Oman.
This is Oman's first agreement of this kind in nearly 20 years, showing how much India matters as a trade partner right now.
The goal? Make it easier for both countries to do business together, attract more investments, and team up in key industries.
It's also part of India's bigger plan to diversify who it trades with and make its supply chains stronger.
Why this matters globally
This deal isn't happening in isolation—India's been busy making similar agreements with other countries too.
In just the past two years, India has signed major deals with the UK and the European Free Trade Association, plus strengthened ties with Australia and the UAE by cutting tariffs and boosting industry growth.
On top of that, India and Oman already have strong economic links: their annual trade hit $10.6 billion recently, backed by thousands of joint ventures and solid investment on both sides.