Oman and India have held a series of procedural and technical meetings in New Delhi as part of ongoing efforts to activate the Free Trade Agreement (FTA) between the two countries.
The meetings focused on strengthening economic, trade and investment cooperation to support mutual interests and boost bilateral trade growth. Discussions addressed several technical and organizational aspects related to the agreement’s implementation mechanisms, including facilitating customs procedures, simplifying the movement of goods and services, enhancing trade flow, and exploring investment opportunities as well as industrial and logistics partnerships.
Oman and India stressed the importance of expediting the completion of the technical and procedural requirements needed for the agreement to enter into force. The move is expected to open new avenues for economic cooperation, increase trade volumes and enhance mutual investments, particularly in priority sectors such as food security, manufacturing industries, renewable energy, advanced technologies, logistics, fisheries and agriculture.
The meetings also reviewed opportunities for Omani and Indian companies to benefit from the preferential advantages offered under the agreement, including improved market access, tariff reductions and deeper supply chain integration.
Officials said these measures are expected to strengthen the competitiveness of national products and create promising investment opportunities for the private sector in both countries.
Participants noted that Oman-India relations are witnessing accelerated growth across various economic and trade sectors, supported by longstanding historical ties and a shared commitment to developing a strategic partnership aligned with global economic changes while promoting stability and sustainable development.
The meetings concluded with both sides reaffirming their commitment to continue technical coordination during the next phase to complete the agreement’s implementation requirements and strengthen communication between relevant authorities and the private sector.
The efforts are aimed at ensuring maximum benefit from the agreement while supporting Oman’s economic diversification goals and the broader future visions for economic cooperation between the two countries.
