Business Standard

India, Oman agree to have joint feasibility study on limited trade deal

The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA)

Piyush Goyal, Qais Bin Mohammed
Premium

Piyush Goyal with Qais Bin Mohammed Al Yousef in New Delhi

Shreya Nandi New Delhi
India and Oman on Wednesday agreed to undertake a joint feasibility study, before going ahead with a preferential trade deal on limited goods.

A senior commerce department official said Oman had requested India for a preferential trade agreement on limited items, where both nations can discuss reduction in tariff of some items of export interest.

The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA). GCC is a regional, intergovernmental political economic union comprising six countries — Bahrain, Kuwait, Oman, Qatar, Saudi

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 12 2022 | 12:31 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com