Business
India Inks Trade Pact With Oman, Interests Of Domestic Farmers, MSME’s Taken Care Off
It includes “agricultural products, including dairy, tea, coffee, rubber, and tobacco products; gold and silver bullion, jewellery; other labour-intensive products such as footwear, sports goods; and scrap of many base metals,” the ministry said.
Picture Credit: @MEAIndia/X
India has protected the interest of domestic farmers and MSMEs by not extending any duty concessions on products across several sectors, including agricultural items such as dairy, as well as chocolates, gold, silver, jewellery, footwear, and sports goods, under the trade pact with Oman.
According to PTI report The comprehensive economic partnership agreement (CEPA) was signed on Thursday in Muscat.
#IndiaOmanCEPA 🇮🇳 🇴🇲
Under the visionary stewardship of Hon’ble PM Shri @narendramodi Ji, India has concluded a historic Comprehensive Economic Partnership Agreement (CEPA) with the Sultanate of Oman, underscoring India’s emergence as a credible and preferred partner in global… pic.twitter.com/TwHjiESzEI
— Kirti Vardhan Singh (@KVSinghMPGonda) December 18, 2025
The commerce ministry said to safeguard its interest, sensitive products have been kept in the exclusion category by India without offering any concessions.
It includes “agricultural products, including dairy, tea, coffee, rubber, and tobacco products; gold and silver bullion, jewellery; other labour-intensive products such as footwear, sports goods; and scrap of many base metals,” the ministry said.
Further, for products of export interest to Oman and which are sensitive to India, the offer is mostly a tariff-rate quota (TRQ)-based tariff liberalisation.
Under the TRQ mechanism, India has extended duty concessions up to a specified quota, beyond which the normal import duty will apply.
Goods under this category include dates, marbles, and petrochemical products.