Oman

The India-Oman CEPA will give a significant boost to bilateral trade between both countries. It will help Oman achieve its objective of reducing its dependence upon oil. The Gulf nation, which is strategically located near the oil transit point of the Strait of Hormuz, is especially important for Indian businesses — since they can set up manufacturing facilities and leverage Oman’s location and other advantages for exports to other West Asian nations and Europe.