Oman-India Meetings Focus on Activating Free Trade Agreement

Oman and India Discuss Customs and Trade Cooperation Under FTA

Muscat: The Sultanate of Oman and the Republic of India held a series of procedural and technical meetings in New Delhi as part of ongoing efforts to activate the Free Trade Agreement (FTA) between the two countries.

The meetings focused on strengthening economic, trade, and investment cooperation to serve mutual interests and support the growth of bilateral trade. Discussions covered several technical and organizational aspects related to the agreement’s implementation mechanisms. These included facilitating customs procedures, simplifying the movement of goods and services, enhancing trade fluidity, as well as exploring investment opportunities and industrial and logistics partnerships.

Both sides underscored the importance of expediting the completion of the necessary technical and procedural aspects for the agreement’s entry into force. This will help open new horizons for economic cooperation, increase trade volume, and boost mutual investments, particularly in priority sectors such as food security, manufacturing industries, renewable energy, advanced technologies, logistics, fisheries, and agriculture.

The meetings also addressed opportunities for Omani and Indian companies to benefit from the preferential advantages the agreement will provide, including market access, tariff reductions, and greater integration of supply chains. These measures are expected to enhance the competitiveness of national products and create promising investment opportunities for the private sector in both countries.

Participants noted that Omani-Indian relations are witnessing accelerated growth across various economic and trade fields, supported by strong historical ties and a shared desire to develop a strategic partnership that keeps pace with global economic changes while promoting stability and sustainable development.

The meetings concluded with a commitment to continue technical coordination in the coming phase to complete the agreement’s implementation requirements, and to enhance communication between relevant authorities and the private sector. This will ensure maximum benefit from the agreement and support Oman’s economic diversification goals as well as both countries’ future visions for economic cooperation.