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Recent Current Affairs related to Oman

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9 June 2026 AGREEMENTS

The India-Oman Comprehensive Economic Partnership Agreement (CEPA) came into force in June 2026, in the presence of Union Minister Piyush Goyal.

Following the operationalisation, the first consignments availing preferential tariff benefits, including agricultural products, gems, and jewellery, were flagged off from Mumbai, Kolkata, and Chennai.

The CEPA provides duty-free export access on 99.38% of tariff lines, covering 98.08% of India’s exports. Under the previous Most Favoured Nation (MFN) regime, only 15.33% of India’s exports entered Oman duty-free.

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