The India–Oman Comprehensive Economic Partnership Agreement (CEPA), signed in December 2025, marks a significant step in strengthening India’s trade and investment ties with West Asia. The agreement provides near-zero duty access on the majority of Indian exports to Oman, expands opportunities in services and professional mobility, and positions Oman as a strategic gateway to the GCC and East African markets. With bilateral trade already close to USD 10 billion, the CEPA has the potential to materially improve export competitiveness for Indian businesses.

In this note, we examine the economic and strategic impact of the India–Oman CEPA, including key sectors expected to benefit, realistic trade growth scenarios, and the valuation implications for exporters and service providers. We also highlight implementation challenges such as rules of origin and non-tariff barriers, and outline what businesses should do to convert policy-level benefits into sustainable commercial and financial outcomes.