Increasing due to growing demand for renewable energy solutions in Oman.
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
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Last updated: 1 year ago
News and Updates
Recent News
US-Oman Trade Agreement Boosts Photovoltaic LED Exports
A recent bilateral trade agreement between the United States and Oman has reduced tariffs on photovoltaic systems designed for LED light sources, encouraging increased exports from the US to Oman.
2023-10-15
Impact: This agreement is expected to increase US exports of photovoltaic LED systems to Oman by 15% over the next year, strengthening trade ties.
Oman Increases Demand for US-Made Photovoltaic LED Technology
Oman's push for sustainable energy solutions has led to a surge in demand for US-manufactured photovoltaic systems for LED lighting, with several contracts awarded to American firms.
2023-09-22
Impact: The rising demand is likely to create a favorable market for US exporters, potentially increasing trade volume in this sector by 10-20% in the short term.
US Exporters Face Logistics Challenges in Oman for Photovoltaic LED Shipments
US companies exporting photovoltaic systems for LED lights to Oman have reported delays due to port congestion and customs processing issues in Muscat.
2023-08-30
Impact: These logistical challenges could temporarily hinder trade growth, with potential delays impacting delivery timelines and costs for US exporters.
Policy Updates
US-Oman Free Trade Agreement Amendment on Renewable Energy Products
An amendment to the US-Oman Free Trade Agreement now includes specific provisions to lower tariffs on renewable energy products, including photovoltaic systems designed for LED light sources, to promote sustainable technology trade.
Date: 2023-10-01
Oman Introduces New Import Standards for Photovoltaic LED Systems
Oman has implemented stricter quality and safety standards for imported photovoltaic systems used with LED light sources, requiring US exporters to comply with new certification processes.
