The Union Cabinet, led by Prime Minister Narendra Modi, approved a Free Trade Agreement (FTA) between India and Oman on Friday. The bilateral trade agreement is expected to deepen economic ties and open new avenues for trade and investment between the two nations.
This comes a day after Oman’s lower house, the Shura Council, approved the country’s FTA with India. The talks for the trade agreement, officially termed as CEPA (Comprehensive Economic Partnership Agreement), formally began in November 2023.
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