{"id":84658,"date":"2025-11-03T00:00:00","date_gmt":"2025-11-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/india-oman-trade-pact-held-up-on-omani-clearances-china-resumes-rare-earth-exports-to-india\/"},"modified":"2025-11-03T00:00:00","modified_gmt":"2025-11-03T00:00:00","slug":"india-oman-trade-pact-held-up-on-omani-clearances-china-resumes-rare-earth-exports-to-india","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/india-oman-trade-pact-held-up-on-omani-clearances-china-resumes-rare-earth-exports-to-india\/","title":{"rendered":"India-Oman trade pact held up on Omani clearances; China resumes rare-earth exports to India"},"content":{"rendered":"

Good morning, friends. <\/strong>We begin the week with DP World\u2019s latest investment pledge in India\u2019s logistics sector. India-Oman FTA signing seems to be delayed due to pending approval from Majlis Shura. While China has restarted rare-earth minerals to India, we also look at the impact of climate change on India\u2019s economy in the long run. Let\u2019s dive in. <\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- <\/strong>The<\/strong> signing of the India-Oman Comprehensive Economic Partnership Agreement (CEPA) has been delayed pending procedural approvals on the Omani side<\/strong>, and not due to any disagreements, Moneycontrol<\/a> reports, citing unnamed government sources. Negotiations, which concluded in August after five rounds of talks, are now awaiting approval from Oman\u2019s legislative body, Majlis Al Shura, and the cabinet.<\/p>\n

The benefits: <\/strong>The pact, which follows the India-UAE CEPA inked in 2022, is expected to significantly bolster labor-intensive Indian exports such as textiles, gems and jewellery, and leather goods \u2014 all of which face steep tariffs in the US. Currently, nearly 80% of Indian goods incur an average 5% import duty in Oman.<\/p>\n

Bilateral trade between India and Oman stood at <\/strong>USD 10.6 <\/strong>bn in FY 2024-25<\/strong>, with India running a USD 2.5 bn trade deficit. Indian exports amounted to USD 4 bn and imports stood at USD 6.5 bn.<\/p>\n

\n

\n

<\/a> #2-<\/strong> China<\/strong> has resumed rare-earth magnet exports to India<\/strong>, approving licenses for several automotive and electronics manufacturers after a six-month suspension, The Hindu Businessline<\/a> reports. Licenses have been issued to Continental India<\/a>, Hitachi Astemo India<\/a>, Jay Ushin<\/a>, and DE Diamond Electric India<\/a>. <\/p>\n

Conditions apply: <\/strong>The permits, granted under China\u2019s export-control rules, require importers to submit end-user certificates and restrict re-export to the US or use in defence applications, Business Standard<\/a> reports. The move follows a pause imposed in April 2025, when Beijing tightened scrutiny over rare-earth shipments amid geopolitical tensions.<\/p>\n

Supply chain reprieve:<\/strong> The approval is expected to ease component shortages for India\u2019s EV, electronics, and auto-parts sectors, which faced disruptions in manufacturing during the suspension period. China accounts for nearly 90% of global rare-earth magnet output, making its resumption critical for India\u2019s manufacturing value chain Reuters<\/a> reports.<\/p>\n

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#3-<\/strong> India<\/strong> risks losing up to 25% of its GDP by 2070 due to long-term economic effects of climate change<\/strong>, The Hindu<\/a> reports, quoting Ewa Suwara, the deputy head of delegation of the EU to India. Ewa highlighted the need for urgent and joint action to tackle these risks. The estimate is based on findings from the Asian Development Bank regional climate impact study<\/a>, which accounts for losses from extreme heat, rising sea levels, and reduced labor productivity. The EU reaffirmed its commitment to supporting India\u2019s clean-energy and climate-resilience goals, including technology transfer and investments in renewable-energy and battery-storage projects. <\/p>\n

\n

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#4- <\/strong><\/a> Google<\/strong> will offer 18 months of no-charge access to its Gemini AI service for all 505 mn subscribers of India\u2019s largest telecom carrier Reliance Jio<\/strong>, Reuters<\/a> reports. The subscription \u2014 normally priced at around INR 35.1k (USD 399) per annum in India \u2014 includes access to Gemini\u2019s advanced model, 2 TB of cloud storage, and AI-powered image and video generation tools. The rollout will begin with 18-25-year-old users on select Jio plans before expanding nationwide. <\/p>\n

Context: <\/strong>The rollout follows OpenAI\u2019s decision to make its ChatGPT Go plan available at no cost for 12 months to Indian users. At the same time, Bharti Airtel is extending 12 months of complimentary access to Perplexity Pro \u2014 a plan typically priced at around INR 17k \u2014 as global AI companies compete to expand user adoption in India\u2019s rapidly expanding user base, Reuters<\/a> reports.<\/p>\n

\n

THE BIG STORY ABROAD- <\/p>\n

No single story is dominating today\u2019s headlines<\/strong>, but a few are getting top billing: <\/p>\n

Israel threatened to increase its attacks against Hezbollah in Lebanon <\/strong>with Israeli Prime Minister Benjamin\u202fNetanyahu saying that Israel \u201cshall take whatever action is required\u201d to prevent Hezbollah from opening a new front. Meanwhile, US special envoy Tom Barrack warned that time is running out for Lebanon\u2019s government to enforce the ceasefire deal struck last year, which requires Beirut to disarm Hezbollah, something both Israel and Washington say the group is actively refusing. (Bloomberg<\/a> | New York Times<\/a> | Guardian<\/a>)<\/p>\n

ALSO WORTH READING THIS MORNING\u2011 <\/strong>Top AI labs including Google DeepMind, Anthropic, OpenAI and Microsoft are racing to plug a new security hole in large language\u202fmodels that allows hackers to embed commands in emails or websites and trick the models into spilling confidential data, the Financial Times<\/a> report. <\/p>\n

AND-<\/strong> US envoys are accused of deploying \u201cbully\u2011boy tactics\u201d to intimidate diplomats from Africa, the Pacific, and the Caribbean into sidelining the UN-backed Net Zero Framework for global shipping, writes the Financial Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: EU study warns climate change could shave 25% off India\u2019s GDP by 2070 + Google partners Jio for free Gemini AI access<\/p>\n","protected":false},"author":1,"featured_media":84659,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2403],"tags":[2402,2441,2401],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam-india","tag-trade","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"6db4d884-99e6-412f-8d72-9b6b4cb692fb","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/525.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: India-Oman CEPA awaits Muscat\u2019s nod; China restarts rare-earth shipments","related_issue":[84656],"teaser":"Plus: EU study warns climate change could shave 25% off India\u2019s GDP by 2070 + Google partners Jio for free Gemini AI access","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.020e8b17-8bb3-427c-a76c-db5be6e064de.mp3"},"yoast_head":"\nIndia-Oman trade pact held up on Omani clearances; China resumes rare-earth exports to India - MENA India Corridors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/india-oman-trade-pact-held-up-on-omani-clearances-china-resumes-rare-earth-exports-to-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India-Oman trade pact held up on Omani clearances; China resumes rare-earth exports to India\" \/>\n<meta property=\"og:description\" content=\"Plus: EU study warns climate change could shave 25% off India\u2019s GDP by 2070 + Google partners Jio for free Gemini AI access\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/india-oman-trade-pact-held-up-on-omani-clearances-china-resumes-rare-earth-exports-to-india\/\" \/>\n<meta property=\"og:site_name\" content=\"MENA India Corridors\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/525.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/india-oman-trade-pact-held-up-on-omani-clearances-china-resumes-rare-earth-exports-to-india\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/2025\/11\/03\/india-oman-trade-pact-held-up-on-omani-clearances-china-resumes-rare-earth-exports-to-india\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/mena-india\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"India-Oman trade pact held up on Omani clearances; 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