India's Comprehensive Economic Partnership Agreement (CEPA) with Oman is set to come into effect on June 1, 2024, facilitating near-complete duty-free access for Indian exporters to the Omani market. This agreement marks a significant advancement in bilateral trade relations, being the fifth such deal under Prime Minister Narendra Modi's administration. Under the CEPA, India will gain 100% duty-free market access for exports covering 98.08% of Oman’s tariff lines, allowing products worth about $3.64 billion to enter Oman without import duties, which previously reached up to 5%. The sectors expected to benefit include textiles, agriculture, processed food, and pharmaceuticals. In 2025-26, bilateral trade between the two nations rose to $11.18 billion, with Indian exports totaling $4.02 billion. While Oman has largely opened its market, India has excluded several sensitive sectors to safeguard domestic interests. The CEPA's comprehensive nature also includes provisions for investments and intellectual property rights, aiming to strengthen India's economic footprint in the Gulf region and foster new business opportunities.