India-Oman CEPA live June 1: gems, textiles, leather, pharma get tariff-free West Asia gateway
CEPA effective June 1, 2026 makes 98.08% of tariff lines tax-free, covering 99.38% of export value—up from 15.33% prior. Gems & jewellery, textiles, leather, footwear, furniture and pharma gain duty-free access to Oman's $28bn import market, with Salalah and Duqm ports opening MSME routes into West Asia.
What happened
India-Oman CEPA effective June 1 2026 grants tariff-free access on 98% lines, boosting Indian exports of gems & jewellery, textiles, leather, footwear,
Key facts
- $11.18bn FY26 trade
- $10.6bn FY25 trade
- 98.08% tariff lines tax-free
- 99.38% export value covered
- 15.33% prior tax-free exports
- $28bn Oman import market
- 246.4% import rise
- 10.3% export drop
Why this matters
Scout Oman-based distributors, free-zone logistics partners, and MSME export aggregators to lock in CEPA-enabled channel partnerships before competitors price in the tariff arbitrage.