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.
India-Oman CEPA effective June 1 2026 grants tariff-free access on 98% lines, boosting Indian exports of gems & jewellery, textiles, leather, footwear, furniture and pharma; MSMEs gain West Asia gateway via Salalah and Duqm ports.
Why this matters
CEPA activation operationalizes preferential Gulf access flagged in earlier signals on textiles, gems, marine and pharma export lanes, shifting from 15% to 98% duty-free coverage overnight.
Retail-company signals steady at 1,637 in last 90 days, signaling consistent corporate activity.