MUSCAT : Experts speaking to the Oman News Agency highlighted that the comprehensive agreement would significantly reduce customs duties, expand non-oil exports, and open new avenues in sectors such as health, technology, and renewable energy. Dr. Habiba bint Mohammed Al Mughairy of the University of Technology and Applied Sciences stressed that the deal would support GDP growth, empower small and medium enterprises, and create jobs while strengthening regional supply chains.

Economic analyst Rashid bin Abdullah Al-Shaidhani described the agreement as a “positive turning point,” pointing to India’s role as a major emerging economic power and Oman’s strategic location as a gateway between East and West. He predicted bilateral trade could surpass RO 5 billion, with Indian expertise helping Omani firms access vast new opportunities.

Journalist Mohammed bin Ali Al Araimi underscored the deal’s strategic scope, noting its potential to lower prices for consumers, expand investments in infrastructure and energy, and position Omani ports as a regional hub for re-export. He also pointed to new opportunities in digital trade, intellectual property, and tourism.

Meanwhile, Dr. Qais bin Dawood Al-Sabai of the Omani Economic Association emphasized the long-standing historic ties between Oman and India. He said the agreement would enhance maritime connectivity, bolster finance and trade, and reinforce Oman’s position as a global logistics hub. “It represents a milestone with an international dimension,” he said.

As negotiations near conclusion, the agreement is being viewed as a key pillar in Oman’s economic diplomacy.

For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.