Oman and India have signed a long-delayed comprehensive economic partnership agreement which aims to boost trade between the two nations. The Cepa is designed toOman and India have signed a long-delayed comprehensive economic partnership agreement which aims to boost trade between the two nations. The Cepa is designed to

Oman and India sign Cepa to expand trade ties

2025/12/18 21:17

Oman and India have signed a long-delayed comprehensive economic partnership agreement which aims to boost trade between the two nations.

The Cepa is designed to enhance bilateral trade and investment cooperation while streamlining the movement of goods and services.

It will also expand the framework for collaboration across key sectors, including energy, technology and manufacturing, the state-run Oman News Agency reported.

The Cepa was signed by Qais bin Mohammed Al Yousef, Oman’s minister of commerce, industry and investment promotion, and India’s minister of commerce and industry Piyush Goyal.

Oman and India also signed a number of memoranda of understanding covering cooperation on maritime heritage and museums, scientific research, innovation, and skills development and agriculture. 

India and Oman started trade negotiations in November 2023. The sultanate is the third-largest export market for India in the GCC.

New Delhi’s exports to Oman have doubled since 2018-19, standing at nearly $4.5 billion in 2022-2023.  

The UAE and India signed a Cepa in 2022 when bilateral trade stood at around $60 billion. The target is to exceed $100 billion.

Further reading:

  • French-Omani group to build 120MW wind farm
  • Oman unveils $29bn plan to meet water demand by 2050
  • Oman to develop free-zone projects worth $2.5bn
Market Opportunity
Sign Logo
Sign Price(SIGN)
$0.03301
$0.03301$0.03301
-0.27%
USD
Sign (SIGN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
Share
BitcoinEthereumNews2025/09/18 07:04
ServicePower Closes Transformative Year with AI-Driven Growth and Market Expansion

ServicePower Closes Transformative Year with AI-Driven Growth and Market Expansion

Double-digit growth, 50% team expansion, and accelerated innovation define 2025 momentum MCLEAN, Va., Dec. 18, 2025 /PRNewswire/ — ServicePower, a leading provider
Share
AI Journal2025/12/18 23:32
XRP Fractal Signals $6–$7 Surge by November Amid DLT Disruption

XRP Fractal Signals $6–$7 Surge by November Amid DLT Disruption

The post XRP Fractal Signals $6–$7 Surge by November Amid DLT Disruption appeared on BitcoinEthereumNews.com. XRP Fractal Analysis Hints at $6–$7 Breakout by Mid-November According to renowned market analyst EGRAG CRYPTO, XRP may be on the verge of a significant price movement. In his latest analysis, he points to a fractal formation pattern that suggests XRP could reach the $6–$7 range by mid-November.  Source: EGRAG CRYPTO This projection has quickly caught the attention of traders and long-term investors, as XRP’s current price remains well below this target. Fractals, often used in technical analysis, are recurring chart patterns that can help predict future price action by identifying historical similarities in market behavior.  Therefore, EGRAG CRYPTO argues that XRP is currently mirroring a previous structure that led to a notable rally. If this fractal setup plays out as expected, it could mark one of the most significant price surges for the digital asset in recent years. If XRP reaches $6–$7 by mid-November, it would mark a major win for investors and a symbolic breakthrough for a token that has endured regulatory battles and market volatility, validating its resilience and cementing its relevance in the evolving digital finance ecosystem. Meanwhile, a recent cup-and-handle pattern signalled that XRP had the potential of soaring to $15 by year-end with the altcoin presently trading at $3.04 per CoinGecko data.  DLT-Based Solutions: How Ripple and Stellar are Redefining Cross-Border Banking According to crypto observer SMQKE, distributed ledger technology (DLT)-based solutions are increasingly challenging the traditional correspondent banking model.  For decades, cross-border payments have relied on a chain of intermediaries, often resulting in slow settlements, high costs, and limited transparency. But with the rise of blockchain networks such as Ripple and Stellar, the industry is experiencing a seismic shift. The correspondent banking model depends on trust and pre-funded accounts, locking up liquidity and exposing banks to counterparty risk.  Transactions often take days to…
Share
BitcoinEthereumNews2025/09/19 16:12