Applicable under the US-Oman Free Trade Agreement (FTA) for qualifying goods with proper documentation and origin certification.
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Last updated: 1 year ago
News and Updates
Recent News
U.S.-Oman Trade Agreement Boosts Small Diameter Goods Export
A recent bilateral trade agreement between the United States and Oman has reduced tariffs on specific goods, including items with a maximum circular cross-sectional dimension of less than 18 mm under HS Code. This has led to a 15% increase in U.S. exports to Oman in this category.
2023-10-15
Impact: Positive impact with increased export opportunities for U.S. manufacturers of small diameter goods due to reduced tariffs.
Oman Increases Import Demand for U.S. Precision Components
Oman's growing industrial sector has driven a surge in demand for precision components from the U.S., including products under HS Code with dimensions less than 18 mm. Trade data shows a 10% rise in imports over the past quarter.
2023-09-20
Impact: Positive impact as U.S. suppliers see growing market potential in Oman for specialized small components.
Logistics Challenges Impact U.S.-Oman Trade of Small Goods
Recent shipping delays in the Gulf region have affected the timely delivery of small diameter goods (HS Code, less than 18 mm) from the U.S. to Oman, causing a temporary 5% dip in trade volume.
2023-08-05
Impact: Negative short-term impact due to logistical bottlenecks, potentially increasing costs for U.S. exporters.
Policy Updates
U.S.-Oman Free Trade Agreement Tariff Reduction
Under the U.S.-Oman Free Trade Agreement, tariffs on specific industrial goods, including items with a maximum circular cross-sectional dimension of less than 18 mm (HS Code), have been reduced by 3%, effective from October 1, 2023, to promote bilateral trade.
