Global Trade & Exports
Weekly Roundup
Weekly Brief — Global Trade & Exports
India-Oman CEPA Enters Force; SEZ Import Norms Relaxed
This report covers Trade Policy, Export Incentives, and Customs Duty from June 1, 2026, to June 8, 2026. The week was marked by the operationalization of the India-Oman CEPA, a major relaxation of import quality controls for SEZs, and the reconstitution of the Board of Trade.
Key Statistics
| 13.5% | 99.38% | 17 |
|---|---|---|
| Growth in Customs Duty Collections (FY 2025-26) | Indian Exports to Oman now Duty-Free | New Drugs Exempted from Customs Duty |
Weekly Executive Summary
- India-Oman CEPA Operationalized: The landmark trade agreement took effect on June 1, providing immediate zero-duty access for 99.38% of India's exports to Oman (Ref).
- SEZ Regulatory Relaxation: The DGFT amended the Foreign Trade Policy to exempt SEZ units from mandatory Quality Control Orders (QCOs) for all permissible goods required for authorized operations (Ref).
- Board of Trade Reconstituted: A new 40-member non-official Board of Trade was appointed, featuring leaders from Apple India, SBI, and Mah…
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