India-Oman CEPA hands textile exporters duty-free run at $598M Gulf market from June 2026

Effective June 1, 2026, the India-Oman CEPA scraps Oman's 5% MFN duty across all 945 textile and apparel tariff lines plus handicrafts. India, already the third-largest supplier with an 11% share and $95.1M in FY26 exports, gets a sharper edge for MSMEs and artisans targeting Oman's $598M annual import pool.

— Source publishedThu, 4 Jun, 2026, 06:16 IST·First seen Thu, 4 Jun, 2026, 11:30 IST·Source The Hindu BusinessLine

What happened

India-Oman CEPA effective June 1, 2026 grants immediate duty-free access on all 945 textile and apparel tariff lines plus handicrafts, eliminating Oman's 5% MFN

Key facts

  • 945 tariff lines
  • 5% MFN duty
  • USD 95.1 million FY26 exports
  • USD 598 million Oman annual imports
  • 11% share
  • third-largest supplier
  • June 1 2026

Why this matters

Scout bolt-on acquisitions of Oman-focused handicraft and apparel MSMEs or distribution JVs in Muscat to pre-position for the CEPA tariff cliff.