India formally notified the Tariff Rate Quota (TRQ) allocation procedure under the India-Oman Comprehensive Economic Partnership Agreement (CEPA). The TRQ mechanism allows specified quantities of Omani goods to enter India at reduced or zero tariffs within the quota limit. India-Oman CEPA was signed to strengthen economic ties, boost bilateral trade, and enhance market access for goods including petrochemicals, minerals, dates, and fisheries. Oman is a key Gulf Cooperation Council (GCC) member and an important trading partner for India with bilateral trade of approximately $12 billion annually.
India
India Notifies TRQ Allocation Procedure Under India-Oman CEPA; Enhances Trade Access for Omani Goods
Key Points
- India formally notified the Tariff Rate Quota (TRQ) allocation procedure under the India-Oman Comprehensive Economic Partnership Agreement (CEPA)
- The TRQ mechanism allows specified quantities of Omani goods to enter India at reduced or zero tariffs within the quota limit
- India-Oman CEPA was signed to strengthen economic ties, boost bilateral trade, and enhance market access for goods including petrochemicals, minerals, dates, and fisheries
- Oman is a key Gulf Cooperation Council (GCC) member and an important trading partner for India with bilateral trade of approximately $12 billion annually
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• India-Oman CEPA: TRQ (Tariff Rate Quota) allocation procedure notified (July 14, 2026) • TRQ: allows specified quantities at reduced/zero tariff within quota; above-quota: normal MFN tariff • India-Oman bilateral trade: ~$12 billion annually; Oman: GCC member • India's CEPA partners: UAE (2022), Australia (2022), Mauritius (2021), Oman; ECTA with UK
