Global Trade & Exports
Weekly Roundup
Weekly Brief — Global Trade & Exports
India-Oman CEPA Notified and Cotton Import Duties Scrapped
This report covers Trade policy, export incentives, customs duty, and FTAs from 2026-05-26 to 2026-06-02. Key findings include the notification of the India-Oman CEPA Rules of Origin and a five-month total duty waiver on cotton imports to support the textile industry.
Key Statistics
| 127 Services | 0% Duty | ₹10/Litre |
|---|---|---|
| Sub-sectors opened by Oman for India under CEPA | Customs duty on cotton until Oct 2026 | Reduction in central excise on petrol/diesel |
Weekly Executive Summary
- Trade Liberalization: India and Oman formalized their Comprehensive Economic Partnership Agreement (CEPA), with new Rules of Origin notified to facilitate preferential tariffs across 127 service sub-sectors.
- Textile Relief: The Ministry of Finance issued a temporary exemption on all customs duties for cotton imports from June 1 to October 31, 2026, to stabilize prices and support MSME textile exporters.
- Regional Diplomacy: A high-level visit from the Myanmar President focused on implementing a Rupee-Kyat settlement mechanism and deepening cooperation in rare earths and connectivity.
Deep…
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