Key insights
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1
Selective exclusions reflect protection of vulnerable domestic sectors: India's choice to exclude dairy, gold, silver, footwear, and labour-intensive products signals prioritization of domestic agriculture and small industries over broad trade liberalization.
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2
Tariff-rate quotas introduce calibrated trade openness: Applying TRQs for sensitive products like dates and marble allows India to open trade without undermining domestic producers, showing a strategic balance between liberalization and protection.
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3
Oman's concessions enable limited export growth for India: Allowing marble block imports from India, despite prior bans, indicates Oman’s willingness to accommodate Indian exports within the pact’s framework, fostering bilateral trade within controlled limits.
Takeaways
The India-Oman CEPA balances opening trade routes with protecting sensitive Indian sectors, reflecting a cautious approach to trade liberalization amid economic and strategic priorities.
Topics
Business & Markets Economy World & Politics Policy & Regulation Trade & Tariffs