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India, Oman may sign FTA within first 100 days of Narendra Modi's third straight term
Photo Courtesy: Arindam Bagchi X page

India, Oman may sign FTA within first 100 days of Narendra Modi's third straight term

| @indiablooms | 14 Jun 2024, 05:27 pm

India and Oman are likely to sign a free trade agreement (FTA) within the first 100 days of the Indian PM Narendra Modi's third term.

Two officials aware of the matter said negotiations between India and the Sultanate of Oman were almost over during Modi’s previous term, reported Hindustan Times.

However, the deal has not been reached since the imposition of the model code of conduct on March 16 following the announcement of dates for the Lok Sabha polls.

The officials, who requested anonymity, said the deal is likely to be concluded soon.

“The India-Oman FTA is almost finalised, awaiting [formal] political nod from both sides,” one of the officials told the newspaper.

Oman Sultan Haitham Bin Tarik on Tuesday congratulated Narendra Modi on becoming the Indian PM for the third consecutive term during their telephone conversation and they reaffirmed their commitment to further deepen and strengthen the relationship between the two nations.

"Sultan Haitham bin Tarik extended his heartfelt congratulations to Prime Minister on his reappointment as PM for a third term following the recently concluded general elections," read a government statement.

The Omani leader emphasized the centuries-old ties of friendship between Oman and India and conveyed his best wishes for the progress and prosperity of the people of India.

Prime Minister Modi thanked His Majesty for his warm wishes and highlighted his historic visit to India in December 2023 which led to deepening of bilateral cooperation in all areas.

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