Commerce Minister Piyush Goyal and His Excellency Pankaj Himji, Adviser on Overseas Commerce and Worldwide Cooperation, Ministry of Commerce of Oman, and different delegations throughout talks to additional strengthen bilateral relations beneath the India-Oman CEPA framework in New Delhi, Might 12, 2026. Picture: X/@PiyushGoyal, by way of ANI
The India-Oman Complete Financial Partnership Settlement (CEPA) will “most likely” come into power on June 1, 2026, Commerce Minister Piyush Goyal mentioned on Tuesday (Might 12, 2026) after assembly the Omani negotiating group.
He added that the India-Chile Free Commerce Settlement negotiations have hit a number of hurdles because of the distinction within the dimension of the economies of the nations concerned.
“I had an excellent assembly with the Oman group at present. Maybe the Oman FTA will come into power from June 1, 2026,” Goyal informed reporters on the sidelines of the CII Annual Enterprise Summit 2026 on Tuesday (Might 12, 2026).
Earlier within the day, he posted on social media that he had had a “productive” assembly with Pankaj Khimji, advisor for international commerce and worldwide cooperation at Oman’s Ministry of Business, Commerce and Funding Promotion.
“The dialogue centered on strengthening India-Oman financial cooperation, strengthening connectivity and logistics linkages, facilitating commerce flows and exploring new avenues of bilateral partnership beneath the India-Oman CEPA framework,” Goyal posted.
India-Oman CEPA was signed on December 18, 2025.
In distinction, nonetheless, the Commerce Minister indicated that negotiations with Chile have been in hassle.
“I had an excellent assembly with the international minister relating to Chile,” Goyal mentioned. “There are some challenges as a result of the economies are very totally different in dimension and the size of alternatives that our two nations provide one another can be totally different.”
Whereas he mentioned the 2 nations have been attempting to bridge the hole by “modern options”, he additionally specified what Chile may provide to India to encourage Chile.
“If we are able to get a great settlement on essential minerals and different essential concessions, it is extremely seemingly that we are able to conclude an FTA with Chile as nicely,” Goyal mentioned.
