India eyes trade pact with Oman amid turmoil, FTA starts June 1
The India-Oman free trade agreement, effective June 1, could benefit India in the midst of the Strait of Hormuz blockade and tensions with Iran. With zero-duty access for Indian goods on 98% of Oman's tariff lines, the deal allows for potential export routes to West Asia and Africa. Oman's involvement in the conflict and its imports from India add to the significance of the pact.