Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate
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 Thin Metal Imports
A recent bilateral trade agreement between the US and Oman has reduced tariffs on various goods, including thin metal sheets of a thickness not exceeding 0.01 mm (HS Code: 760711). This has led to a 15% increase in exports from Oman to the US in the past quarter.
2023-10-15
Impact: Positive impact on trade with increased market access for Omani exporters and lower costs for US importers of thin aluminum foil.
US Importers Report Quality Concerns with Omani Thin Metal Shipments
Several US companies importing thin metal products (thickness < 0.01 mm) from Oman have raised concerns over inconsistent quality standards, prompting calls for stricter inspection protocols at US ports.
2023-09-02
Impact: Potential temporary decline in trade volume as importers may seek alternative suppliers until quality issues are resolved.
Oman Increases Production Capacity for Ultra-Thin Aluminum Foil
Oman has invested in new manufacturing facilities to boost production of ultra-thin aluminum foil (HS Code: 760711), targeting the US market. This development is expected to meet growing demand in the US packaging industry.
2023-08-10
Impact: Likely increase in trade volume as Oman ramps up supply to meet US demand, potentially strengthening trade ties.
Policy Updates
US-Oman Free Trade Agreement Amendment
An amendment to the US-Oman Free Trade Agreement now includes specific provisions for reduced tariffs on aluminum products, including those of a thickness not exceeding 0.01 mm (HS Code: 760711), effective immediately.
Date: 2023-10-01
US Customs Updates Inspection Rules for Thin Metal Imports
US Customs and Border Protection has introduced new inspection guidelines for thin metal imports, including aluminum foil under 0.01 mm thickness, to ensure compliance with safety and quality standards. This applies to shipments from Oman and other countries.
