The proposed India–Oman CEPA embodies India’s broader Indo-Pacific trade strategy, extending the path charted by the India–UAE CEPA. The agreement aims to reinforce India’s economic presence in the GCC, broaden bilateral trade patterns, and enhance sectoral competitiveness. India has increasingly used FTAs to reduce structural trade imbalances and secure preferential market access. Long-term visions outlined under India’s Amrit Kaal/Viksit Bharat 2047 framework and Oman’s Vision 2040 emphasise export-led growth, investment intensification, and economic diversification. Under India’s Foreign Trade Policy 2023, a $2 trillion export target has been set for 2030, supported by strong goods trade and record services exports in 2024. Ongoing modernisation of maritime and logistics systems will be central to driving this trajectory forward. Oman remains a strategically positioned partner with high trade openness but has faced macroeconomic instability since the 2014 oil price decline, leading to current account deficits and liquidity pressures. These vulnerabilities have reinforced the need for structural diversification and FTA-driven external stability. A CEPA will expand Omani exports, encourage Indian investment in gas fields, strengthen re-export capabilities, and deepen Indo-Pacific connectivity amid a more uncertain global trading environment.