India Oman Ties

India's FTA with Oman hits deadlock over revision in market access offer

Government officials said that the negotiations were completed earlier in March and revising India's offer would mean restarting inter-ministerial consultations to firm up India's revised stance

Indian tourists flocking to Oman, arrivals up 70% at 600k: Al Busaidi

Oman has emerged as a favourite destination for Indian tourists, with their number rising to more than 6 lakh last year, an increase of 70 per cent over the previous year, according to Azzan Qassim Al Busaidi, Undersecretary of the Oman Ministry of Heritage and Tourism. We hope to surpass the number this year, Al Busaidi told PTI in Mumbai on Thursday. The closeness and proximity between Oman and India makes one feel almost at home, he added. This momentum shows no signs of slowing, with the first five months of 2024 already seeing a 15 per cent increase in arrivals, he said. India is Oman's largest tourism market beyond the Gulf Co-operation Council countries, he said. Of the 40 lakh tourists who visited Oman last year, 6.25 lakh were from India, Al Busaidi said. Adventure tourism is a growing segment for tourists in Oman, he said. Tourism is one of the five focus areas for Oman as a part of its Vision 2040 plan, he added. We are now seeing more diversity in segments of ...

India, EU discuss CBAM concerns ahead of eighth round of FTA talks

Oman is seeking duty concessions on petrochemical products such as polypropylene and polyethylene, used primarily in the plastics industry

India may sign FTA with Oman in first 100 days of PM Modi's third term

This free trade agreement with Oman will mark the first significant bilateral deal of Modi's third term as Prime Minister of India

India closes in on trade deal with Oman as Mideast ties strengthen

The two sides started talks on the trade pact just three months ago, and their haste in completing the deal shows Prime Minister Modi's determination in building stronger links with the Middle East

India-Oman to begin next round of free trade discussions from Jan 16

The next round of talks for the proposed free trade agreement (FTA) between India and Oman will start from January 16 and the negotiations for the pact are progressing well, a senior official said on Tuesday. The talks on the text of most of the chapters have been concluded by both sides for the pact, officially dubbed the Comprehensive Economic Partnership Agreement (CEPA). "The negotiations are progressing well. Two rounds of in-person negotiations and many inter-sessional meetings have already been held. Good progress has been made on all the chapters covered under the CEPA," the official said. On certain media reports that the talks may get delayed, the official said that any talk of hindrances or bottlenecks is "speculative and presumptuous" as the negotiating process is currently underway. Currently, both sides are working towards conclusion of the negotiations with an objective of delivering a mutually beneficial agreement contributing to the welfare and development of the .

Duty concessions on petrochemical products key in India-Oman FTA talks

Customs duty concession demand on petrochemical products such as polypropylene and polyethylene, used primarily in the plastics industry, may act as a sticking point in the early conclusion of talks for the proposed free-trade agreement (FTA) between India and Oman, according to an official. Negotiations for the pact, officially dubbed the Comprehensive Economic Partnership Agreement (CEPA), are in the last phase. Certain domestic players from both public and private sectors are opposing duty concessions on these products under the agreement. They are claiming that Oman provides huge subsidies to its industry on raw materials for the production of these petrochemical products. According to them, if India would give duty concessions on these already subsidised products, it would be a double advantage for Omani firms. The government official said that they are holding talks with domestic players on the issue. Officials of the two countries concluded the second round of talks for th

India, Oman free trade agreement likely to be inked next month: Official

The negotiations for the proposed free trade agreement (FTA) between India and Oman are moving at a fast pace and the pact is likely to be signed next month, a senior government official said. Officials of the two countries concluded the second round of talks for the pact, officially dubbed as Comprehensive Economic Partnership Agreement (CEPA) earlier this month in Muscat. "With Oman, there is a very good progress and both sides are very eager to conclude this deal. It may be signed in January 2024," the official said. The negotiations on the text of most of the chapters have been concluded by both sides. Oman is India's third-largest export destination among the Gulf Cooperation Council (GCC) countries. The pact would help increase exports from India post the free trade agreement, as currently over 80 per cent of its goods enter Oman at an average 5 per cent import duties, and there are not many trade barriers. According to think tank GTRI's (Global Trade Research Initiative) ..

President Murmu hosts Oman Sultan Haitham bin Tarik at Rashtrapati Bhavan

PM Modi and President Droupadi Murmu received the Sultan at the Rashtrapati Bhawan. Sultan Haitham bin Tarik then inspected a Guard of Honour by the combined defence services

India, Oman discussing utilisation of UPI stack, possibility of rupee trade

Kwatra underscored the significance of Oman's successful participation as a special guest country in the G20 during India's presidency, particularly at the G20 summit in September

India, Oman adopt vision document to expand bilateral cooperation

Earlier in the day, Prime Minister Narendra Modi held delegation-level talks with the Sultan of Oman, Haitham bin Tarik, at Hyderabad House in New Delhi

Al Najah: 13-day Indo-Oman joint military exercise concludes in Rajasthan

The fourth edition of Indo-Oman joint training exercise 'Al Najah', with a focus on counter-terrorism, regional security, and peacekeeping operations, was concluded on Saturday in Bikaner

India and Oman start a five-day air combat exercise in Jodhpur

India and Oman on Monday began a five-day air combat exercise in Jodhpur, in reflection of growing bilateral military cooperation.

India, Oman agree to expedite procedures to amend double taxation pact

India and Oman have agreed to expedite their internal procedures for signing and ratification of a protocol to amend the bilateral double taxation agreement

Naqvi visits Oman, condoles demise of Sultan Qaboos bin Said al Said

India on Monday observed a day of state mourning over the death of Qaboos. He died on Friday at the age of 79

Govt declares state mourning on Monday over demise of Oman Sultan

Oman Sultan Qaboos bin Said Al Said passed away on January 10 at the age of 79

Oman's Sultan Qaboos Bin Said dies, successor vows to pursue peace

Omanis took to social media to mourn the death of a ruler who had made regular tours of the country to speak to citizens, often driving his own four-wheel drive in the convoys

Why India getting access to a strategic port in Oman may not amount to much

India's economy and not wishful thinking will dictate whether this port will be of much use to India in the future or not