I.1-Oman OverviewOman Overview
General InformationThe U.S.-Oman FTA, which went into force on January 1, 2009, significantly opened U.S. trade with Oman in goods and services by eliminating most tariff and nontariff barriers. Under the market access provisions of the FTA, almost all consumer and industrial goods and 87% of all agricultural tariff lines were given duty-free access. Both countries agreed to phase out all tariffs on the remaining eligible goods within 10 years.
The FTA contains trade facilitation measures designed to expedite the movement of goods and the provision of services between Oman and the United States; investment provisions intended to strengthen protections for U.S. investors operating in Oman, including allowing them to fully own a business without a local partner; and provisions on safeguards, intellectual property rights, government procurement, labor, environment, and dispute settlement to improve the regulatory climate for bilateral trade and investment.
In 2010, U.S. exports to Oman totaled $1.1 billion. Growth sectors included organic chemicals, optical and medical instruments, plastics, and iron and steel products. Principal U.S. exports to Oman in 2010 were vehicles, machinery, and electrical machinery.
- U.S. – Oman Free Trade Agreement legal text
- U.S. Commercial Office in Oman
- U.S. Export Assistance Center in your neighborhood
- USTR Overview
- USDA Overview
Oman US Oman Free Trade Agreement