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NEW DELHI: India’s free trade agreement with Oman is almost finalized, Commerce and Industry Minister Piyush Goyal has announced, only days after New Delhi signed a long-awaited trade pact with the UK.
Negotiations between India and Oman on a comprehensive economic partnership agreement formally began in November 2023, with the first round in New Delhi and the second in Muscat.
When the talks concluded in March 2024, Oman sought revisions on market access terms and the final signature was postponed.
“We are in negotiations at an advanced stage with Oman — almost finalized,” Goyal told reporters on Saturday evening, two days after he signed a multibillion-dollar free trade deal with the UK.
“The free trade agreement between India and UK, the Comprehensive Economic Trade Agreement, clearly reflects the growing relevance and importance of India at the world stage.”
Under the pact, about 99 percent of Indian goods will get duty-free access to the UK market, and bilateral trade is expected to increase by over $34 billion in the next decade from the current $54 billion.
India has free trade agreements with more than 10 countries, including comprehensive economic partnership agreements with South Korea, Japan, and the UAE.
It is also in talks with the EU to conclude an FTA by the end of 2025, and also with Australia, with an interim deal signed in 2022 and a full one under negotiation.
If India finalizes its pact with Oman, it will be its second with a Gulf Cooperation Council country after the 2022 CEPA with the UAE.
While Oman is one of New Delhi’s smaller GCC trading partners — trailing behind the UAE and ��������, with bilateral trade volume accounting for about $10 billion — it remains strategically important, particularly in energy and logistics.
The FTA could further deepen these ties, Anil Wadhwa, New Delhi’s former envoy to Muscat, told Arab News.
“India and Oman both are set to benefit a lot from this FTA ... Oman and India have a trade volume between $8 billion and $10 billion annually, and 700 Indian companies have invested in Oman,” he said.
“Oman was keen on an FTA on the lines of the UAE. The main negotiations took less than 90 days. Since then, Oman wanted further concessions in petrochemicals and in marble ... It is understood that these negotiations are now nearing a closure.”
Economic cooperation plays a crucial role in India-GCC relations, with exports to India representing 71 percent of the bloc’s total exports.
India has been pursuing a free trade pact with the whole bloc for the past two decades. A framework agreement on economic cooperation was signed in 2004, but two rounds of negotiations, in 2006 and 2008, were inconclusive.
The agreement would give India access to a large and affluent market for its goods and also concessions on visas in a region, which is a second home for about 9 million Indian expat workers.
In January, GCC Secretary General Jasem Mohammed Al-Budaiwi said that the grouping would look forward to starting free trade negotiations with India in 2025.

EDINBURGH: President Donald Trump played golf Saturday at his course on Scotland’s coast while protesters around the country took to the streets to decry his visit and accuse United Kingdom leaders of pandering to the American.
Trump and his son Eric played with the US ambassador to Britain, Warren Stephens, near Turnberry, a historic course that the Trump family’s company took over in 2014. Security was tight, and protesters kept at a distance went unseen by the group during Trump’s round. He was dressed in black, with a white “USA” cap, and was spotted driving a golf cart.
The president appeared to play an opening nine holes, stop for lunch, then head out for nine more. By the middle of the afternoon, plainclothes security officials began leaving, suggesting Trump was done for the day.
Hundreds of demonstrators gathered on the cobblestone and tree-lined street in front of the US Consulate about 100 miles (160 kilometers) away in Edinburgh, Scotland’s capital. Speakers told the crowd that Trump was not welcome and criticized British Prime Minister Keir Starmer for striking a recent trade deal to avoid stiff US tariffs on goods imported from the UK
Protests were planned in other cities as environmental activists, opponents of Israel’s war with Hamas in Gaza and pro-Ukraine groups loosely formed a “Stop Trump Coalition.” Anita Bhadani, an organizer, said the protests were “kind of like a carnival of resistance.”
Trump’s late mother, Mary Anne MacLeod, was born on the Isle of Lewis in Scotland and the president has suggested he feels at home in the country. But the protesters did their best to change that.
“I don’t think I could just stand by and not do anything,” said Amy White, 15, of Edinburgh, who attended with her parents. She held a cardboard sign that said “We don’t negotiate with fascists.” She said ”so many people here loathe him. We’re not divided. We’re not divided by religion, or race or political allegiance, we’re just here together because we hate him.”
Other demonstrators held signs of pictures with Trump and Jeffrey Epstein as the fervor over files in the case has increasingly frustrated the president.
In the view of Mark Gorman, 63, of Edinburgh, “the vast majority of Scots have this sort of feeling about Trump that, even though he has Scottish roots, he’s a disgrace.” Gorman, who works in advertising, said he came out “because I have deep disdain for Donald Trump and everything that he stands for.”
Saturday’s protests were not nearly as large as the throngs that demonstrated across Scotland when Trump played at Turnberry during his first term in 2018.
But, as bagpipes played, people chanted “Trump Out!” and raised dozens of homemade signs that said things like “No red carpet for dictators,” “We don’t want you here” and “Stop Trump. Migrants welcome.”
One dog had a sign that said “No treats for tyrants.”
Some on the far right took to social media to call for gatherings supporting Trump in places such as Glasgow.
Trump also plans to talk trade with Starmer and Ursula von der Leyen, the European Commission president. But golf is a major focus.
The family will also visit another Trump course near Aberdeen in northeastern Scotland, before returning to Washington on Tuesday. The Trumps will cut the ribbon and play a new, second course in that area, which officially opens to the public next month.
Scottish First Minister John Swinney, who is also set to meet with Trump during the visit, announced that public money will go to staging the 2025 Nexo Championship, previously known as the Scottish Championship, at Trump’s first course near Aberdeen next month.
“The Scottish Government recognizes the importance and benefits of golf and golf events, including boosting tourism and our economy,” Swinney said.
At a protest Saturday in Aberdeen, Scottish Parliament member Maggie Chapman told the crowd of hundreds: “We stand in solidarity, not only against Trump but against everything he and his politics stand for.”
The president has long lobbied for Turnberry to host the British Open, which it has not done since he took over ownership.
In a social media post Saturday, Trump quoted the retired golfer Gary Player as saying Turnberry was among the “Top Five Greatest Golf Courses” he had played in as a professional. The president, in the post, misspelled the city where his golf course is located.