India has signed an economic partnership agreement with Oman on Thursday to boost bilateral trade and investment, seeking to expand its Middle East ties and diversify trade away from steep U.S. tariffs. This agreement is Oman's first bilateral deal since 2006.

• Oman offers zero-duty access on over 98% of its tariff lines, covering nearly all Indian exports including gems and jewellery, textiles, pharmaceuticals, and automobiles.
• India will cut tariffs on about 78% of its tariff lines, covering nearly 95% of imports from Oman by value.
• Annual trade between India and Oman exceeds $10 billion.
• The pact aims to boost gem and jewellery exports from $35 million to about $150 million over the next three years.
• Sensitive items such as dairy, tea, coffee, rubber, and tobacco are excluded from the pact.