US-Oman Trade Agreement Boosts Tech Hardware Exports
A recent bilateral trade agreement between the United States and Oman has reduced tariffs on power supplies for automatic data processing machines (HS Code 8504.40) and related equipment, facilitating increased exports from the US to Oman.
2023-10-15
Impact: This agreement is expected to increase US exports of power supplies for data processing machines and monitors by 15% over the next year, strengthening trade ties.
Oman Increases Demand for US-Made Power Supplies
Oman's growing IT sector has led to a surge in demand for power supplies for data processing units and monitors, with US companies reporting a 20% rise in orders since Q2 2023.
2023-09-22
Impact: The rising demand is likely to enhance US export volumes, particularly for goods under HS Code 8504.40, fostering deeper economic collaboration.
Supply Chain Optimization for Tech Hardware Between US and Oman
US exporters of power supplies for data processing equipment and monitors have partnered with Omani logistics firms to streamline supply chains, reducing delivery times by 30%.
2023-08-30
Impact: Improved logistics will likely lower costs and boost trade efficiency, encouraging higher trade volumes of power supplies under relevant HS codes.
