India–Oman trade pact talks near completion, announcement expected soon; petroleum and urea dominate imports

India and Oman are poised to finalize and sign their free trade agreement (FTA), potentially sooner than anticipated. The agreement, known as the Comprehensive Economic Partnership Agreement (CEPA), aims to reduce trade barriers and boost investments. With bilateral trade exceeding $10 billion, this pact will further strengthen economic ties, building on India's existing trade agreement with the UAE.