Temporary Exclusion for Certain Chinese Products under U.S.-Oman Trade Framework
The U.S. Trade Representative announced temporary exclusions for specific Chinese products under HS codes listed in U.S. note 20(ccc), effective from June 4, 2020, to December 31, 2020. This measure indirectly impacts trade dynamics with Oman under the U.S.-Oman Free Trade Agreement by adjusting competitive pricing for similar goods.
June 5, 2020
Impact: May affect Omani exporters by increasing competition from Chinese products in the U.S. market due to tariff exclusions, potentially impacting demand for Omani goods in overlapping sectors.
U.S. Tariff Exclusions on Chinese Goods Raise Concerns in Oman
Omani trade officials express concern over the U.S. decision to grant tariff exclusions on certain Chinese products (effective June 4, 2020, to December 31, 2020), as it could undermine Omani exports to the U.S. under the Free Trade Agreement signed in 2006.
June 10, 2020
Impact: Potential reduction in market share for Omani products in the U.S. as Chinese goods gain a price advantage due to temporary tariff relief.
U.S.-China Trade Policy Adjustments and Implications for Oman
Analysts highlight that the U.S. exclusion of tariffs on select Chinese products under U.S. note 20(ccc) from June 4, 2020, to December 31, 2020, could lead to a ripple effect on smaller trade partners like Oman, affecting sectors covered under the U.S.-Oman FTA.
June 15, 2020
Impact: Omani businesses may face increased competition in the U.S. market, necessitating strategic adjustments to maintain export levels.
