India Oman trade pact to enhance petroleum machinery exports
pre-market1 source ↓written by the desknot a recommendation
- of Indian goods
- 80%
- average tariff
- 5%
The upcoming free trade pact between India and Oman, set to be signed on 21 Dec 2023, aims to boost exports of petroleum machinery, rice, and iron and steel products. Currently, over 80% of Indian goods enter Oman at an average tariff of 5%. The elimination of tariffs under this agreement is expected to enhance the competitiveness of Indian industrial exports in Oman’s market.
Not investment advice. For informational purposes only.