ENA Global 2024-08-28 15:31:04 <p><span style="font-size:14px"><strong>New Delhi, Aug 28 (KNN)</strong> Negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between India and Oman have reached an advanced stage, according to Indian Ambassador to Oman Amit Narang.</span></p> <p><span style="font-size:14px">In a statement on Tuesday, Ambassador Narang expressed optimism about the early conclusion of the proposed free trade agreement.</span></p> <p><span style="font-size:14px">The CEPA is anticipated to significantly enhance bilateral trade and investment relations between the two nations.</span></p> <p><span style="font-size:14px">Once implemented, the agreement is expected to eliminate duties on various Indian exports to Oman, potentially benefiting several key sectors.</span></p> <p><span style="font-size:14px">Industries likely to see increased export opportunities include petroleum products, textiles, electronics, pharmaceuticals, machinery, and iron and steel.</span></p> <p><span style="font-size:14px">The removal of trade barriers is projected to boost Indian exports to the West Asian country, potentially opening new avenues for economic cooperation.</span></p> <p><span style="font-size:14px">As discussions progress, both sides appear keen to finalize the agreement, which could mark a new chapter in India-Oman economic relations.</span></p> <p><span style="font-size:14px">However, no specific timeline for the conclusion of negotiations has been officially announced.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39082 https://knnindia.co.in/news/newsdetails/global/india-oman-fta-nears-completion-indian-ambassador 2024-08-28 15:31:04 knnindia.co.in