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India’s Comprehensive Economic Partnership Agreement (CEPA) with Oman came into force on June 1, providing Indian exporters preferential access to a strategically located Gulf economy and potentially strengthening New Delhi’s energy security at a time of mounting geopolitical uncertainty in West Asia.
While the government has hailed the agreement as a transformative trade pact that will boost exports, investment and employment, analysts argue that its real significance lies in securing a reliable trade and energy corridor…