US EditionIndia Signs Trade Pact with Oman as It Expands Middle East Ties
The FTA will boost trade in sectors like textiles and renewable energy, with Indian investments in Oman tripling to $5 billion since 2020, officials said.
- At the India‑Oman Business Forum in Muscat, Piyush Goyal said India and Oman will sign a Free Trade Agreement on Thursday, December 18, 2025, with Prime Minister Narendra Modi and Sultan Haitham bin Tarik present.
- Driven by rising investment ties, Indian investments in Oman have more than tripled since 2020, reaching USD 5 billion, and Goyal said the FTA will be Oman's first Free Trade Agreement in nearly two decades.
- The agreement targets sectors including textiles, food processing, automobiles, gems and jewellery, agrochemicals, renewable energy and auto components, while Goyal highlighted four collaboration areas: energy transition, infrastructure and multimodal logistics, food security, and startups.
- Oman's strategic location offers enhanced market access for Indian businesses to the Gulf Cooperation Council, Eastern Europe, Central Asia and Africa, while Omani officials said India is Oman's third-largest trading partner.
- Beyond goods, leaders stressed the FTA's scope for professional services, accounting, business process re-engineering, R&D, tourism, healthcare, education, aligning with Viksit Bharat 2047 and Oman Vision 2040 and recalling Lothal and centuries-old maritime links.
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26 Articles
India, Oman ink free trade agreement, labour-intensive sectors receive full tariff elimination
India and Oman have signed a major Free Trade Agreement (FTA). The agreement, signed on Thursday, marks a significant step toward strengthening economic ties between the two countries. As part of this agreement, Oman will eliminate tariffs on over 98 per cent of India's exports, including textiles, agricultural goods, and leather items. On the other hand, India has agreed to reduce import duties on essential Omani products, including dates, marb…
India is rapidly advancing its business strategy. A free trade agreement between India and Oman is set to be signed on December 18th. Union Minister of Commerce and Industry Piyush Goyal stated that this deal will strengthen the economic relations between the two countries.
Modi reaches Muscat for final leg of 3-nation tour, India-Oman free trade agreement to be signed today
Apart from FTA, a number of key agreements are expected in sectors such as trade, investment, energy, defence, technology, agriculture, culture & people-to-people ties.
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