GAGA B2B - CONNECTING IMPORTERS AND EXPORTERS

[ad_1] NEW DELHI: India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) on Thursday, which will provide duty free access to 98% of India’s exports including textiles, farm and leather goods in Oman, and give an additional $2 billion boost to exports in the next 2-3 years.The pact would help Indian exporters, reeling under the impact of 50% tariffs imposed by the Trump administration on Indian goods, to diversify shipments in West Asia region, a gateway to Africa and Europe.Oman has offered to ease norms for Indian companies operating in the Gulf country under the CEPA allowing them to employ up to 50% of their total staff from their India office. “The agreement provides a comprehensive and forward-looking framework for services trade, covering IT, business and professional services, R&D, education, health, and audio-visual services. A major highlight is an 8 times extension of permitted duration of stay for Contractual Service Suppliers from 90 days to...