India Oman ties: Duty concessions on petrochemical products a sticking point in India-Oman FTA talks
The proposed free-trade agreement (FTA), Comprehensive Economic Partnership Agreement (CEPA), between India and Oman faces potential challenges due to demands for customs duty concessions on petrochemical products like polypropylene and polyethylene. Certain domestic players oppose these duty concessions, citing Omans significant subsidies on raw materials for petrochemical production.
Global Trade Research Institute Economic Partnership Agreement Gulf Cooperation Council Comprehensive Economic Partnership Agreement India Oman Ties Free Trade Agreement
Source: indiatimes.com