
India is set to sign a trade agreement with Oman in the upcoming months, aiming to strengthen its strategic ties in the Middle East, as disclosed by two Indian government officials. This move comes as regional tensions escalate, affecting major maritime routes. The deal is seen as crucial for India, enhancing access to essential trade pathways through the strategic Strait of Hormuz, amidst growing regional conflicts. The agreement, pending approval from the government elected in India’s ongoing national elections, promises mutual benefits, including the removal of tariffs on significant Indian exports to Oman and reduced Indian duties on specific Omani goods. The pact also positions India advantageously as it competes with GCC negotiations involving Pakistan and China.–News Desk