India and Oman on Dec 18 signed a free trade agreement, which will provide duty-free access to a host of Indian labour-intensive sectors.

This is the 2nd Free Trade Agreement signed in the last 6 months after United Kingdom

India and Oman are set to sign a free trade agreement. The pact will be signed during Prime Minister Narendra Modi's visit to Oman from December 17-18. This Comprehensive Economic Partnership Agreement aims to boost trade and investment between the two nations. Oman is a significant export market for India in the Gulf region.

Get latest articles and stories on Business at LatestLY. India-Oman Comprehensive Economic Partnership Agreement (CEPA) marks a significant milestone in India's strategic engagement with the Gulf region, Commerce and Industry Minister Piyush Goyal said on Thursday, noting that the agreement provides a comprehensive and forward-looking framework for services trade, covering IT, business and professional services. Business News | India-Oman CEPA Allows Stay Duration Extension for Contractual Service Suppliers from 90 Days to Two Years: Piyush Goyal.