India To Sign New Trade Deal With Oman To Strengthen Ties With Middle-East | Dawn News English [Video]

India and Oman are set to sign a trade deal in the coming months, according to a Reuters report. This move aims to bolster India’s ties in the Middle East amidst rising tensions threatening major shipping routes. With annual trade currently below $13 billion, India sees Oman as a strategic partner granting access to crucial trade routes in the volatile region, notably the Strait of Hormuz. The deal awaits approval from India’s incoming government, expected to be announced on June 4th. While discussions remain private, the agreement signals India’s shift towards bilateral deals with Gulf Cooperation Council members amid stalled negotiations with the GCC itself.
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