Oman and India signed a Complete Financial Partnership Settlement (CEPA) on 18 December throughout an official two-day go to to Oman by Indian Prime Minister Narendra Modi. The deal provides zero-duty entry on 98% of Oman’s export merchandise, and India supplied the identical on 78% of its merchandise. Bilateral commerce between the 2 international locations stands at greater than $10bn.
India’s ministry of commerce says Indian sectors that may profit embrace textiles, clothes, jewelry, plastics, furnishings, agricultural merchandise, prescribed drugs and vehicles. No point out is manufactured from hydrocarbons, the place there’s little commerce exterior of round 2.1mn tons of Oman LNG exports this 12 months. (CONTINUED – 119 WORDS)
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