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On the sidelines of the state go to of the Sultan of Oman, Haitham bin Tarik to India on December 16, Commerce and Trade Minister Piyush Goyal and Minister of Commerce, Trade and Funding Promotion of the Sultanate of Oman Qais Bin Mohammed Al Yousef, held discussions on bilateral commerce and funding relations between the 2 nations right here.
“The leaders exhorted their respective negotiators to conclude discussions on the remaining points paving manner for early conclusion of India-Oman CEPA negotiations and signing of the settlement,” the commerce ministry mentioned.
Each nations have concluded two rounds of talks for a CEPA.
In such agreements, two nations both considerably minimize or remove customs duties on the utmost variety of items traded between them, apart from easing norms for selling commerce in companies and investments.
It was determined that an Oman Desk can be created in Make investments India for this goal. Equally, Make investments Oman would additionally launch an India Desk. Bilateral commerce between the nations grew by 82.64 per cent in 2021-2022 to succeed in USD 9.99 billion. In 2022-23, it additional elevated to USD 12.39 billion.
