Union Minister for Commerce and Industry Piyush Goyal has said that India-Oman Comprehensive Economic Partnership Agreement – CEPA which was signed six month ago, has come into force from today. Addressing media in New Delhi, Mr Goyal said that CEPA is not simply a trade agreement; it is a statement of civilisational trust. Mr Goyal said that this comprehensive agreement will add a new momentum to India’s ties with Oman. The Union Minister informed that from day one , India will secure duty free access on 98 percent of Oman’s tariff lines covering over 99 percent of India’s export to Oman. He added that as this agreement takes effect, India’s workers, MSMEs and exporters in various sectors like textiles, sportswear, Agri products, pharma and medical devices, leathers , automobiles and marine products will step on to a preferential access against the competitors in Omani market. Mr Goyal said, this balanced free trade agreement opens doors to India’s export to Oman while protecting livelihoods.
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