MUSCAT : The Oman-India Comprehensive Economic Partnership Agreement (CEPA) officially came into force on Monday, marking a new chapter in bilateral economic relations as both countries seek to deepen trade, investment and business cooperation.

Welcoming the agreement, Oman’s Ambassador to India, Issa Saleh Abdullah Alshibani, said the CEPA would create new opportunities across multiple sectors while safeguarding sensitive industries in both countries.

“Opportunities in services and investment will create better pathways for professionals, businesses and innovators,” Alshibani said during a discussion on the trade pact. “It is a balanced and carefully designed agreement, protecting sensitive sectors while opening room for growth, competitiveness and long-term partnership.”

The ambassador said the agreement would generate momentum for trade and investment while boosting confidence among manufacturers, exporters, logistics companies and start-ups looking to expand their presence in both markets.

“What will this agreement bring? It will bring opportunities for businesses. It will bring momentum to trade and long-term investment. It will bring confidence to manufacturers, exporters, logistics firms and start-ups,” he said.

The CEPA grants Indian exporters duty-free access across 98 per cent of Oman’s tariff lines, while also providing Omani businesses with expanded access to the Indian market. The agreement is expected to strengthen cooperation in sectors including manufacturing, logistics, energy, services, agriculture and technology.

Officials from both countries have described the pact as a strategic step towards enhancing economic integration, increasing bilateral trade flows and attracting greater cross-border investment.

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