Stable with slight increase of 3% from previous year
Special Rates
Free Trade Agreement
0%
Applicable under the US-Oman Free Trade Agreement (FTA) for qualifying goods with proper documentation and origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Oman Trade Agreement Boosts Wire Exports
A recent bilateral trade agreement between the US and Oman has reduced tariffs on electrical wires, including those between 22 AWG and 33 AWG, facilitating an increase in exports from the US to Oman.
2023-10-15
Impact: This agreement is expected to increase US exports of fine electrical wires to Oman by 15% over the next year, strengthening trade ties.
Oman Increases Demand for US-Made Fine Wires
Oman's growing electronics sector has led to a surge in demand for US-manufactured wires in the 22 AWG to 33 AWG range, with imports rising by 10% in the last quarter.
2023-09-22
Impact: The rising demand may lead to higher production in the US, potentially creating more jobs in the wire manufacturing sector.
Logistics Challenges Impact US-Oman Wire Trade
Shipping delays and increased freight costs have temporarily disrupted the supply of fine electrical wires (22 AWG to 33 AWG) from the US to Oman, affecting delivery timelines.
2023-08-05
Impact: Trade volumes may see a short-term decline until logistics issues are resolved, potentially increasing costs for Omani importers.
Policy Updates
US-Oman Free Trade Agreement Tariff Reduction
Under the US-Oman Free Trade Agreement, tariffs on electrical wires, including those classified under HS codes for 22 AWG to 33 AWG, have been reduced to 0%, effective immediately, to promote bilateral trade.
