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India-Oman CEPA kicks in June 1: What gets cheaper, which sectors gain, and key benefits explained

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India-Oman CEPA kicks in June 1: What gets cheaper, which sectors gain, and key benefits explained
The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will come into force on June 1. It grants New Delhi 100% duty-free access across 98.08% of tariff lines, covering 99.38% of export value, with the benefits available from Day 1. KIRTIKA SUNEJA explains
india oman trade

INDIA’S EXPORTS GAINS
Engg goods, pharma, agri & processed food, marine products, textiles, chemicals, electronics, plastics, gems & jewellery
DUTY FREE EXPORTS

  • Natural honey, cashew, boneless meat, bakery products
  • Chocolate, sugar confectionery, mineral wate
  • Cheese, curd, milk, cream, frozen fish, butter
  • Animal & vegetable fats and oil
  • Oman levies 5-100% duty at present
  • Zero-duty access, consolidates India’s 98.3% share, making Oman India’s largest export destination for eggs

MOBILITY, SERVICES GAINS

  • Enhanced mobility for Indian Professionals
  • Temporary stay commitments for intra-corporate transferees, contractual service suppliers, business visitors, independent professionals
  • Liberalised entry, stay for professionals in accountancy, taxation, architecture, medical
  • Commitment on 100% FDI for Indian cos in major services sectors
  • First-ever commitment by any country on traditional medicine
  • Fast tracking of marketing authorisations for USFDA, EMA, UKMHRA-approved pharma products

WHAT BECOMES CHEAPER FOR INDIA

  • Dates: Duty-free access to 2,000 tonnes of Omani dates annually
  • Concessions to Oman’s Gum Arabica (used in food, medicines), Frankincense used in perfume sector
  • Petrochemicals, Marble blocks

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Berkshire Hathaway to buy US homebuilder Taylor Morrison for $8.5 billion

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SchiffGold is a full-service, discount precious metals dealer specializing in investment-grade gold and silver bullion. We offer a range of related services, from vault storage partners to physical gold IRAs.

Renowned investor Peter Schiff founded SchiffGold in 2010 to provide a trustworthy source of bullion for his brokerage clients. Peter has always advised long-term investment in physical precious metals as an inflation-proof store of value. Unfortunately, he found far too many gold buyers were getting swindled by big companies pushing numismatics at high markups. SchiffGold is his answer — an honest gold dealer that sells only the most liquid bullion products in the world at the lowest possible prices.

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Taiwan Suspects Nvidia AI Chip Shipment Smuggled to China

Taiwan prosecutors suspect three individuals successfully smuggled at least one shipment of Nvidia AI chips to China. The suspects reportedly used deceptive methods in the transfer process, raising concerns over technology security and intellectual property violations. An investigation is ongoing to determine the full extent of the smuggling operation and potential regulatory breaches.


Authorities in Taiwan suspect that a shipment of Nvidia AI chips was smuggled into China, raising concerns about potential technology leaks and national security. The investigation was prompted after customs officials detected irregularities in the export documentation of the high-performance chips, which are crucial for artificial intelligence applications. These chips are highly sought after for their advanced capabilities and are often targeted for smuggling to benefit competitors or unauthorized entities.

The suspected smuggling operation highlights the growing complexities of international technology trade and security. Taiwan, a major hub for semiconductor manufacturing, closely monitors the export of sensitive technology to prevent misuse or unauthorized transfer. The government has vowed to strengthen controls and collaborate with international partners to prevent similar incidents in the future.

This incident underscores the broader geopolitical tensions surrounding technology and innovation. As countries compete for technological dominance, safeguarding intellectual property and preventing unauthorized exports become increasingly critical. Authorities continue to investigate the case, aiming to ensure the integrity of Taiwan’s high-tech industry and prevent technological espionage.

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