India-Oman FTA to take effect from June 1, 2026
NewsBytes | May 18, 2026 5:40 PM CST
Bilateral trade hit $10.61B in 2024-25
Signed last December, this FTA gives nearly all Indian exports duty-free access in Oman, while India will lower duties on most Omani imports.
The countries' trade hit $10.61 billion in 2024-25, up nearly 19%, and this agreement is set to boost that even further.
It also fits into India's bigger plan: after record exports of $863 billion in FY26, the goal is a massive $2 trillion within five years.
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