New Delhi, June 25 (IANS) The government on Thursday said it has facilitated the export of a 40 metric tonne (MT) consignment of biscuits from UP’s Varanasi to Oman, following the signing of the India-Oman Comprehensive Economic Partnership Agreement (CEPA).The Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, facilitated the export.”The shipment marks the first export consignment of biscuits from Varanasi to Oman followin…
Latest CEPA News & Updates
Muscat/ New Delhi, June 11 (IANS) The India‑Oman Comprehensive Economic Partnership Agreement (CEPA) is special as it comes into force at a time when India faces a sharp disruption in Gulf trade after the Strait of Hormuz crisis and also because of Oman’s unique geography.Oman’s unique geography including its coastline and major ports such as Salalah and Duqm which lie outside the Strait of Hormuz, keeping them accessible even when Strait traffic is disrupted, the report from Diplomat said.T…
New Delhi, June 4 (IANS) India- Oman Comprehensive Economic Partnership Agreement (CEPA) carries strategic value beyond trade by offering mechanisms to mitigate risks tied to the Strait of Hormuz, a report has said.Oman’s unique geographic position, stretching from the Arabian Sea to areas adjacent to the Hormuz choke point, and its port and logistics infrastructure provide India with alternative maritime access points, the report from India Narrative said.”This also allows New Delhi to engage…
New Delhi, June 3 (IANS) The India–Oman Comprehensive Economic Partnership Agreement (CEPA), which came into force this week, provides significant market access opportunities for India’s textiles and apparel sector to expand exports in a key Gulf market.Oman has accorded immediate duty-free access on all 945 textile and apparel tariff lines eliminating the existing 5 per cent MFN duty and substantially enhancing the price competitiveness of Indian products in the Omani market. Moreover, imme…
New Delhi, June 1 (IANS) Prime Minister Narendra Modi on Monday shared an article written by Union Commerce and Industry Minister Piyush Goyal, highlighting the benefits of the India-Oman Comprehensive Economic Partnership Agreement (CEPA) for Indian exporters, farmers and job creation.Sharing the details on the social media platform X, the Prime Minister’s Office said the trade agreement offers Indian exporters an opportunity to diversify markets, boost employment generation, safeguard farmer…
New Delhi, June 1 (IANS) Industry Chamber PHDCCI on Monday said that the India–Oman Comprehensive Economic Partnership Agreement (CEPA) strengthens India’s trade connectivity with the GCC and East Africa through strategic logistics infrastructure.The agreement will strengthen economic integration of both countries by improving market access, trade benefitting exporters, professionals and investors, according to a statement.“Reduced trade barriers will open new opportunities for MSMEs and s…
New Delhi, June 1 (IANS) India has become only the second nation, after the US, to secure a Comprehensive Economic Partnership Agreement (CEPA) with Oman, the government said on Monday, as the trade pact came into force, marking a defining milestone in bilateral economic relations and opening a transformative new chapter in strategic trade and investment cooperation between the two countries.Commerce and Industry Minister Piyush Goyal said that the CEPA marks a defining milestone in India’s en…
New Delhi, June 1 (IANS) India’s merchandise exports to Oman are officially targeted to grow by 50 per cent over the next three years, as the Comprehensive Economic Partnership Agreement (CEPA) with the Gulf nation came into force on Monday.The agreement aims to drive merchandise exports from the baseline of roughly $4.06 billion past the $6 billion mark, with a medium-term goal of reaching $10 billion.Oman has offered zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per ce…
New Delhi, June 1 (IANS) As the India‑Oman Comprehensive Economic Partnership Agreement came into force on Monday, Union Commerce and Industry Minister Piyush Goyal said the agreement will significantly benefit India.Goyal took to a social media platform, X, describing the agreement as a defining milestone in Prime Minister Narendra Modi’s mission to create global pathways to prosperity for students, artisans, women, farmers, fishermen and MSMEs by opening new markets, boosting exports, attrac…
New Delhi, May 31 (IANS) India-Oman Comprehensive Economic Partnership Agreement (CEPA) offering zero duty access to a range of Indian labour-intensive exports, will kick in from Monday.The Finance Ministry on Sunday issued notification on duty concessions on Omani goods under trade pact with India, which will come into effect from June 1.India and Oman signed the Comprehensive Economic Partnership Agreement (CEPA) in December last year during Prime Minister Narendra Modi’s visit to Muscat.Par…