MUSCAT: Oman’s upcoming comprehensive trade agreement with India is expected to significantly reduce customs duties, expand non-oil exports, and create new opportunities across sectors such as health, technology, and renewable energy. Experts highlighted that the agreement would support GDP growth, empower small and medium enterprises, and generate employment while strengthening regional supply chains. Dr. Habiba bint Mohammed Al Mughairy emphasized that the deal aligns with Oman’s broader economic diversification goals and enhances the country’s competitiveness in global markets.
Economic analysts have described the agreement as a positive turning point for Oman-India relations, citing India’s role as a major emerging economic power and Oman’s strategic location as a gateway between East and West. Rashid bin Abdullah Al-Shaidhani projected that bilateral trade could exceed RO 5 billion, with Indian expertise enabling Omani companies to access vast new markets and technological know-how. This strategic partnership is expected to reinforce Oman’s position as a regional business hub and attract foreign investment.
The deal is also anticipated to lower prices for consumers, expand investments in infrastructure and energy projects, and position Omani ports as central hubs for re-export within the region. Journalists and trade observers noted emerging opportunities in digital trade, intellectual property, and tourism, further diversifying Oman’s economic landscape. These developments are aligned with the country’s long-term vision to strengthen economic resilience and sustainable growth.
Experts emphasized the historic and strategic dimension of Oman-India ties, highlighting enhanced maritime connectivity, strengthened finance and trade relations, and Oman’s growing role as a global logistics hub. Dr. Qais bin Dawood Al-Sabai described the agreement as a milestone with international significance, signaling Oman’s continued commitment to economic diplomacy. As negotiations near completion, the trade pact is being viewed as a cornerstone for Oman’s future regional and global economic engagement.
