Stable with slight growth due to demand in industrial sectors
Special Rates
Preferential Rate
0%
Applicable under the US-Oman Free Trade Agreement (FTA) for qualifying goods with proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Oman Trade Agreement Boosts Multimeter Exports
A recent bilateral trade agreement between the United States and Oman under the US-Oman Free Trade Agreement has reduced tariffs on electrical testing equipment, including multimeters (HS Code: 9030.31), leading to a 15% increase in US exports to Oman in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of multimeters due to lower tariffs and increased market access in Oman.
Oman Increases Demand for US-Made Multimeters
Oman's growing industrial sector has driven a surge in demand for high-quality multimeters, with US manufacturers reporting a 20% rise in orders since the start of 2023, supported by stable trade relations.
2023-09-20
Impact: Increased export opportunities for US manufacturers, strengthening trade ties with Oman.
Logistical enhancements in shipping routes between the US and Oman have reduced delivery times for multimeters, benefiting US exporters and Omani importers with faster access to goods.
2023-08-05
Impact: Improved efficiency in trade logistics likely to boost trade volume and reliability for multimeter shipments.
Policy Updates
Extension of US-Oman Free Trade Agreement Benefits
The US and Oman have agreed to extend specific tariff exemptions under the US-Oman Free Trade Agreement for electrical instruments, including multimeters (HS Code: 9030.31), until 2025, ensuring duty-free access for US exports to Oman.
