Strengthening Ties: India and Oman Sign Historic Economic Agreement

Prime Minister Narendra Modi's visit to Oman culminated in a key deal as India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA), aimed at boosting market access and trade cooperation. This agreement marks a significant milestone in economic relations and promises growth in various sectors of both nations.

On Thursday, Prime Minister Narendra Modi and Oman's Sultan Haitham bin Tarik Al Said engaged in a crucial dialogue, prioritizing mutual and bilateral issues during their meeting in Oman.

Modi's visit marks the completion of his three-nation tour, having previously been in Ethiopia and Jordan. The leaders met at Al Baraka Palace, Muscat, where they ratified the Comprehensive Economic Partnership Agreement (CEPA), a pivotal move towards enhanced economic collaboration.

The agreement, celebrated for its potential to expand market access and strengthen trade and investment, represents a strategic effort to diversify trade and fortify supply chains in the evolving global economy. Modi emphasized that the CEPA will invigorate bilateral ties, coinciding with the 70th anniversary of diplomatic relations between India and Oman.

(With inputs from agencies.)