Stable with slight increase in exports of industrial goods
Special Rates
Preferential Rate
0%
Applicable to goods meeting the rules of origin under the U.S.-Oman FTA and subject to quantitative limits specified in U.S. note 8 to the relevant subchapter.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Oman Trade Agreement Strengthens Bilateral Trade Under Quantitative Limits
A recent report highlights the steady growth in trade between the U.S. and Oman under the Free Trade Agreement (FTA), with specific adherence to quantitative limits specified in U.S. note 8 for certain HS-coded goods. Exports of textiles and agricultural products remain within agreed quotas.
October 15, 2023
Impact: This ensures stable trade flows without triggering tariff barriers, fostering predictability for businesses in both countries.
Oman Increases Textile Exports to U.S. Within Quota Limits
Oman has ramped up textile exports to the U.S. under the quantitative limits of U.S. note 8 to the relevant HS subchapter, utilizing nearly 85% of the allocated quota for 2023, according to the U.S. International Trade Commission.
September 20, 2023
Impact: This maximizes Oman's market access to the U.S. while staying compliant with trade rules, potentially boosting local industries.
U.S. Customs Reviews Compliance with Quantitative Limits on Oman Imports
U.S. Customs and Border Protection announced a review of imports from Oman under HS codes subject to quantitative limits per U.S. note 8, ensuring no over-quota shipments have occurred in the past quarter.
August 5, 2023
Impact: Stricter monitoring may prevent trade disruptions but could increase administrative burdens for exporters and importers.
Policy Updates
U.S. Updates Monitoring Mechanism for Quantitative Limits Under Oman FTA
The U.S. Trade Representative's office has introduced a new digital tracking system to monitor imports from Oman under quantitative limits specified in U.S. note 8 to the relevant HS subchapter, aiming for real-time compliance checks.
