India's Comprehensive Economic Partnership Agreement with Oman enters into force today. The deal grants duty-free access for the vast majority of Indian exports to Oman.
The agreement provides New Delhi with 100% duty-free access for 98.08% of tariff lines. These lines cover 99.38% of the total export value to Oman. Indian exporters across multiple sectors stand to benefit immediately from the reduced barriers.
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India and the Netherlands elevated their bilateral relationship to a strategic partnership during Prime Minister Narendra Modi's visit to The Hague on May 16, 2026. The move followed talks with Dutch counterpart Rob Jetten and included the return of historical artefacts.
India’s goods trade deficit narrowed to $20.67 billion in March from $21.69 billion a year earlier, data from the Commerce and Industry Ministry showed. The easing came amid a West Asia crisis that curbed petroleum imports and exports to the region. Goods exports for FY26 rose 1% to $441 billion.
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The U.S. and India are close to finalizing an interim trade deal, but gaps persist over pulses and the pacing of tariff reductions. “We’re not that far off from finalizing the interim trade deal, but some gaps remain,” a U.S. official told The Hindu. Washington officials are now addressing details following a Supreme Court ruling.
Egypt's Minister of Investment and Foreign Trade, Mohamed Saleh, met with India's Ambassador to Cairo, Suresh K. Reddy, to explore ways of strengthening bilateral economic, trade, and investment relations. The talks covered priority issues for advancing industrial cooperation and leveraging Egypt's strategic position. Both sides emphasized joint efforts toward shared economic goals.
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US President Donald Trump praised Prime Minister Narendra Modi as a good friend and expressed confidence that Washington and New Delhi will reach a trade agreement. His comments came after four days of negotiations in New Delhi.