“Bilateral Trade Has Crossed $10 Billion”: Piyush Goyal Signals Bigger India–Oman Ambitions

Commerce and Industry Minister Piyush Goyal, speaking at the India–Oman Business Summit, described the signing of the Oman–India Comprehensive Economic Partnership Agreement as a watershed moment in bilateral ties. He said the agreement reflects a shared vision for a mutually prosperous future and noted that India–Oman trade has already crossed USD 10 billion. Goyal stressed the need to deepen cooperation across trade, investment, tourism, innovation and technology. He said the agreement will offer duty-free access, ease trade barriers and improve competitiveness for exporters, while positioning Oman as a gateway for Indian businesses to the Gulf, Africa and West Asia, and strengthening people-to-people ties through fair mobility frameworks.