Prime Minister Narendra Modi meets with Sultan of Oman Qaboos bin Saeed Al Stated at Beit Al Barakah in Muscat, Oman. File |Photograph Credit score: PTI
Prime Minister Narendra Modi and Commerce Minister Piyush Goyal are scheduled to go to Oman subsequent week to signal a free commerce settlement with the nation, sources who’re additionally a part of the delegation stated on Wednesday (December 10, 2025). The precise dates and composition of the delegation might be finalized after approval by the Federal Cupboard.
India and Oman started negotiations on the Complete Financial Partnership Settlement (CEPA) in November 2023. After three rounds of negotiations from November 2023 to March 2024, the 2 sides reached settlement on all facets of CEPA, together with the textual content and market entry proposals, the Commerce Division stated in a separate launch.
A cupboard proposal for the deal, submitted in March 2024, was postponed on the time, prompting additional renegotiations. The fourth spherical was held in September 2024 and the fifth spherical was held on January 13-14, 2025, each centered on amendments to the supply.
In keeping with a press be aware, each events are at the moment in search of inside approval for a remaining settlement. Nonetheless, sources say that is extra of a formality, with a deal already in place and anticipated to be signed quickly.
“The prime minister and the commerce minister are scheduled to go to Oman subsequent week, in all probability on December 17 or 18, to signal the settlement,” stated a member of the high-powered delegation. hinduism. “The precise dates of the go to and the composition of the delegation might be finalized after cupboard approval, however for now this can be a formality.”
Commerce Minister Piyush Goyal confirmed to reporters in Jaipur that negotiations for a free commerce settlement with Oman are within the “remaining levels”. He added that New Zealand Commerce Minister Todd McCrae will go to New Delhi on Friday (12 December 2025) for FTA negotiations.
“Negotiations with them have additionally reached the ultimate stage,” Goyal stated.
Relating to the FTA with the European Union, Goyal stated that the define of the settlement has now been finalized following a go to by the EU delegation over the previous eight days and a go to by EU Commerce and Financial Safety Commissioner Maroš Šefčović over the previous two days.
“We had detailed discussions and he (Shevčović) met with Exterior Affairs Minister S. Jaishankar and Finance Minister Nirmala Sitharaman and the define of the FTA is prepared,” Goyal stated. “I’m positive this too might be accomplished quickly.”
Relating to negotiations with the US and the US negotiating group at the moment in India, Goyal stated solely that “we’re transferring in direction of a bilateral commerce settlement.” The US group is scheduled to remain in India till December twelfth.
