Today: 14 February 2025
28 January 2025
1 min read

India, Oman to Fast-Track Economic Pact Talks

The Comprehensive Economic Partnership Agreement will be a milestone in bilateral trade, significantly scaling up two-way trade and investments.

India and Oman have agreed to expedite negotiations for the Comprehensive Economic Partnership Agreement (CEPA), which is in advanced stages of discussion, the Ministry of Commerce and Industry announced on Tuesday.

The development follows Commerce and Industry Minister Piyush Goyal’s two-day visit to Oman from January 27-28. The proposed CEPA is expected to be a game-changer, significantly boosting bilateral trade and investments.

Goyal co-chaired the 11th Session of the India-Oman Joint Commission Meeting (JCM) alongside Oman’s Minister of Commerce, Industry, and Investment Promotion, Qais bin Mohammed Al Yousef. Discussions centered on enhancing cooperation in trade, technology, food security, renewable energy, and other key sectors.

The Comprehensive Economic Partnership Agreement will be a milestone in bilateral trade, significantly scaling up two-way trade and investments

As part of the visit, India and Oman signed a protocol to amend the Double Taxation Avoidance Agreement (DTAA), simplifying tax procedures and aligning them with international standards.

Goyal also held high-level bilateral meetings with Oman’s Deputy Prime Minister for International Relations, Sayyid Asaad bin Tarik Al Said, and other senior officials, including Finance Minister Sultan bin Salem Al Habsi and OPAZ Chairman Ali bin Masoud Al Sunaidy.

Additionally, Goyal addressed the India-Oman Joint Business Council meeting, co-hosted by the Oman Chamber of Commerce and Industry and FICCI. He engaged with Omani CEOs and business leaders during a roundtable at the Indian Embassy, highlighting India’s investment opportunities and seeking feedback on enhancing bilateral cooperation.

During a session at the Royal Academy of Management’s Future Leaders Programme, Goyal shared insights on India’s growth story and emphasized the importance of leadership in shaping a better future.

The visit concluded with both sides reaffirming their commitment to strengthening economic and trade relations, with CEPA as a key driver of growth.

Previous Story

Millets Drive India’s Shift to Low-Calorie, Low-Fat Snacking Trends

Next Story

Al-Sharaa Named Interim President as Syria Reshuffles

Latest from -Top News

Saudi teacher awarded with Global Teacher Prize 

The award celebrates Al-Mansour’s remarkable contributions to education and his transformative impact on communities in Saudi Arabia…reports Asian Lite News In a ceremony held at the World Government Summit 2025, Saudi teacher

Hamdan meets with Chairman of Alibaba Group 

The discussion explored the evolving landscape of digital commerce, AI-driven advances in the retail industry…reports Asian Lite News H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy

Danube Unveils Convertible Apartments in Dubai

TIMEZ by Danube introduces a unique concept where studio apartments can be converted into 1-bedroom units, and 1-bedroom units into 2-bedroom configurations, providing adaptable solutions for growing families or changing lifestyles. Dubai-based

Saudi teacher awarded with Global Teacher Prize

Al-Mansour’s efforts include financial empowerment programmes like the ‘Riyali Financial Awareness Initiative,’ through which students launched small businesses, earning a stable income. In a ceremony held at the World Government Summit 2025,
Go toTop

Don't Miss

Indra Nooyi’s Message to Indian Students

Nooyi points out that, over the years Indian students are

India, Australia Discuss Pharma Pricing, Critical Minerals in Trade Talks

India and Australia have already signed an Economic Cooperation and