NEW DELHI: India’s free trade agreement with Oman is almost finalized, Commerce and Industry Minister Piyush Goyal has announced, only days after New Delhi signed a long-awaited trade pact with the UK.
Negotiations between India and Oman on a comprehensive economic partnership agreement formally began in November 2023, with the first round in New Delhi and the second in Muscat.
When the talks concluded in March 2024, Oman sought revisions on market access terms and the final signature was postponed.
“We are in negotiations at an advanced stage with Oman — almost finalized,” Goyal told reporters on Saturday evening, two days after he signed a multibillion-dollar free trade deal with the UK.
“The free trade agreement between India and UK, the Comprehensive Economic Trade Agreement, clearly reflects the growing relevance and importance of India at the world stage.”
Under the pact, about 99 percent of Indian goods will get duty-free access to the UK market, and bilateral trade is expected to increase by over $34 billion in the next decade from the current $54 billion.
India has free trade agreements with more than 10 countries, including comprehensive economic partnership agreements with South Korea, Japan, and the UAE.
It is also in talks with the EU to conclude an FTA by the end of 2025, and also with Australia, with an interim deal signed in 2022 and a full one under negotiation.
If India finalizes its pact with Oman, it will be its second with a Gulf Cooperation Council country after the 2022 CEPA with the UAE.
While Oman is one of New Delhi’s smaller GCC trading partners — trailing behind the UAE and Saudi Arabia, with bilateral trade volume accounting for about $10 billion — it remains strategically important, particularly in energy and logistics.
The FTA could further deepen these ties, Anil Wadhwa, New Delhi’s former envoy to Muscat, told Arab News.
“India and Oman both are set to benefit a lot from this FTA ... Oman and India have a trade volume between $8 billion and $10 billion annually, and 700 Indian companies have invested in Oman,” he said.
“Oman was keen on an FTA on the lines of the UAE. The main negotiations took less than 90 days. Since then, Oman wanted further concessions in petrochemicals and in marble ... It is understood that these negotiations are now nearing a closure.”
Economic cooperation plays a crucial role in India-GCC relations, with exports to India representing 71 percent of the bloc’s total exports.
India has been pursuing a free trade pact with the whole bloc for the past two decades. A framework agreement on economic cooperation was signed in 2004, but two rounds of negotiations, in 2006 and 2008, were inconclusive.
The agreement would give India access to a large and affluent market for its goods and also concessions on visas in a region, which is a second home for about 9 million Indian expat workers.
In January, GCC Secretary General Jasem Mohammed Al-Budaiwi said that the grouping would look forward to starting free trade negotiations with India in 2025.
India nearing free trade deal with Oman, minister says after UK pact
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India nearing free trade deal with Oman, minister says after UK pact
- Negotiations between India and Oman formally began in November 2023— Deal expected to be similar to India’s comprehensive trade agreement with UAE
Mystery of CIA’s lost nuclear device haunts Himalayan villagers 60 years on
- Plutonium-fueled spy system was meant to monitor China’s nuclear activity after 1964 atomic tests
- Porter who took part in Nanda Devi mission warned family of ‘danger buried in snow’
NEW DELHI: Porters who helped American intelligence officers carry a nuclear spy system up the precarious slopes of Nanda Devi, India’s second-highest peak, returned home with stories that sent shockwaves through nearby villages, leaving many in fear that still holds six decades later.
A CIA team, working with India’s Intelligence Bureau, planned to install the device in the remote part of the Himalayas to monitor China, but a blizzard forced them to abandon the system before reaching the summit.
When they returned, the device was gone.
The spy system contained a large quantity of highly radioactive plutonium-238 — roughly a third of the amount used in the atomic bomb dropped by the US on the Japanese city of Nagasaki in the closing stages of the Second World War.
“The workers and porters who went with the CIA team in 1965 would tell the story of the nuclear device, and the villagers have been living in fear ever since,” said Narendra Rana from the Lata village near Nanda Devi’s peak.
His father, Dhan Singh Rana, was one of the porters who carried the device during the CIA’s mission in 1965.
“He told me there was a danger buried in the snow,” Rana said. “The villagers fear that as long as the device is buried in the snow, they are safe, but if it bursts, it will contaminate the air and water, and no one will be safe after that.”
During the Sino-Indian tensions in the 1960s, India cooperated with the US in surveillance after China conducted its first nuclear tests in 1964. The Nanda Devi mission was part of this cooperation and was classified for years. It only came under public scrutiny in 1978, when the story was broken by Outsider magazine.
The article caused an uproar in India, with lawmakers demanding the location of the nuclear device be revealed and calling for political accountability. The same year, then Prime Minister Morarji Desai set up a committee to assess whether nuclear material in the area near Nanda Devi could pollute the Ganges River, which originates there.
The Ganges is one of the world’s most crucial freshwater sources, with about 655 million people in India, Nepal, and Bangladesh depending on it for their essential needs.
The committee, chaired by prominent scientists, submitted its report a few months later, dismissing any cause for concerns, and establishing that even in the worst-case scenario of the device’s rupture, the river’s water would not be contaminated.
But for the villagers, the fear that the shell containing radioactive plutonium could break apart never goes away, and peace may only come once it is found.
Many believe the device, trapped within the glacier’s shifting ice, may have moved downhill over time.
Rana’s father told him that the device felt hot when it was carried, and he believed it might have melted its way into the glacier, remaining buried deep inside.
An imposing mass of rock and ice, Nanda Devi at 7,816 m is the second-highest mountain in India after Kangchenjunga.
When a glacier near the mountain burst in 2021, claiming over 200 lives, scientists explained that the disaster was due to global warming, but in nearby villages the incident was initially blamed on a nuclear explosion.
“They feared the device had burst. Those rescuing people were afraid they might die from radiation,” Rana said. “If any noise is heard, if any smoke appears in the sky, we start fearing a leak from the nuclear device.”
The latent fear surfaces whenever natural disasters strike or media coverage puts the missing device back in the spotlight. Most recently, a New York Times article on the CIA mission’s 60th anniversary reignited the unease.
“The apprehensions are genuine. After 1965, Americans came twice to search for the device. The villagers accompanied them, but it could not be found, which remains a concern for the local community,” said Atul Soti, an environmentalist in Joshimath, Uttarakhand, about 50 km from Nanda Devi.
“People are worried. They have repeatedly sought answers from the government, but no clear response has been provided so far. Periodically, the villagers voice their concerns, and they need a definitive government statement on this issue.”
Despite repeated queries whenever media attention arises, Indian officials have not released detailed updates since the Desai-appointed committee submitted its findings.
“The government should issue a white paper to address people’s concerns. The white paper will make it clear about the status of the device, and whether leakage from the device could pollute the Ganges River,” Soti told Arab News.
“The government should be clear. If the government is not reacting, then it further reinforces the fear.”
