How will PM Modi's 3-nation visit enhance trade and investment ties?
Synopsis
Prime Minister Narendra Modi's three-nation visit to Jordan, Ethiopia, and Oman marks a pivotal moment for India's economic expansion in West Asia and Africa. With a focus on trade agreements and strong bilateral relationships, this trip promises to strengthen India's position as a key player in regional trade.
Key Takeaways
PM Modi's visit aims to strengthen India's economic ties in West Asia and Africa.
The Free Trade Agreement with Oman is a key focus area.
India's bilateral trade with Oman reached $10.613 billion for FY 2024-25.
Over 6,000 joint ventures exist between India and Oman.
Jordan is a crucial supplier of fertilizers to India.
New Delhi, Dec 15 (NationPress) Prime Minister Narendra Modi commenced a significant three-nation tour to Jordan, Ethiopia, and Oman on Monday, with a primary focus on enhancing economic and trade connections. This visit is poised to unlock extensive opportunities to expand India's economic influence in both West Asia and Africa.
Recently, the Union Cabinet, led by the Prime Minister, approved the proposed Free Trade Agreement (FTA) between India and Oman, which aims to strengthen trade and investment ties between the two nations.
This approval followed the endorsement from Oman's Shura Council regarding the FTA with India. Negotiations for this trade agreement, officially named the Comprehensive Economic Partnership Agreement (CEPA), commenced in November 2023.
India and Oman enjoy a longstanding and multifaceted Strategic Partnership, supported by robust trade relations, energy collaboration, and cultural ties. Their economic and commercial interactions are thriving.
Bilateral trade between the nations reached $8.947 billion in FY 2023-2024 and is projected to increase to $10.613 billion for FY 2024-25, according to official reports. Additionally, bilateral investment flows reflect strength through numerous joint ventures initiated in both countries.
Currently, over 6,000 India-Oman joint ventures operate within Oman, contributing approximately $7.5 billion to the Omani economy through total capital investment over time.
During his visit, PM Modi will engage in high-level discussions with the Sultan of Oman in Muscat, focusing on reinforcing their Strategic Partnership as well as their robust commercial and economic relationship.
It is noteworthy that India ranks as Jordan's third-largest partner, with bilateral trade around $2.8 billion. Jordan plays a crucial role as a supplier of fertilizers to India, particularly phosphates and potash.
Although the India-Ethiopia bilateral trade stands at approximately $550 million in FY25, India is the second-largest trading partner for Ethiopia, with key exports including primary and semi-finished iron and steel products, pharmaceuticals, fertilizers, and machinery.
Point of View
It is crucial to recognize that Prime Minister Modi's visit to Jordan, Ethiopia, and Oman is a strategic maneuver to fortify India's economic position in key regions. The emphasis on trade agreements and partnerships not only reflects India's growing global influence but also signifies a commitment to sustainable economic growth through international collaborations.
NationPress
8 May 2026
Frequently Asked Questions
What are the main objectives of PM Modi's visit?
The primary objectives include enhancing trade and investment ties with Jordan, Ethiopia, and Oman, and discussing the Free Trade Agreement with Oman.
How will the Free Trade Agreement with Oman benefit India?
The FTA aims to deepen economic relations, increase bilateral trade, and promote investment opportunities between India and Oman.
What is the significance of India's trade with Jordan and Ethiopia?
India is a major trade partner for both Jordan and Ethiopia, facilitating essential imports like fertilizers and contributing to Ethiopia's economic growth.
