India-Oman trade pact comes into force: What landmark deal means for exports, investment and strategic ties?

The Comprehensive Economic Partnership Agreement (CEPA) between India and Oman came into force on June 1, marking a significant milestone in bilateral economic relations and strengthening India's strategic presence in the Gulf region. The agreement becomes India's fifth major free trade pact to be implemented since 2014, following similar agreements with Mauritius, the UAE, Australia and the European Free Trade Association (EFTA). The development comes as New Delhi accelerates trade negotiations with several key partners, including the Gulf Cooperation Council (GCC), the European Union and other major economies. The India-Oman CEPA is expected to boost exports, services trade, investment flows and professional mobility while creating new opportunities for Indian businesses across multiple sectors.