Increasing due to rising energy demand in Qatar and strong bilateral trade ties with the United States.
Special Rates
Preferential Rate
0%
Applicable under the GCC Customs Union for imports from GCC countries; however, since the United States is not a GCC member, the general rate applies unless a specific bilateral agreement exists.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Imports of Qatari Crude Oil Amid Global Supply Shifts
The United States has ramped up imports of crude oil from Qatar, including petroleum oils under HS Code 2709, as part of efforts to diversify supply sources amid geopolitical tensions in other oil-producing regions.
2023-10-15
Impact: This increase strengthens trade ties between the US and Qatar, potentially stabilizing US energy markets by reducing reliance on other volatile regions.
Qatar and US Discuss Energy Trade Partnership
During a recent bilateral meeting, officials from the US and Qatar explored deeper cooperation in energy trade, focusing on crude oil (HS Code 2709) exports to meet rising US demand.
2023-09-22
Impact: Enhanced partnerships could lead to more consistent and increased crude oil exports from Qatar to the US, benefiting both economies.
Qatari Crude Oil Exports to US Face Shipping Delays
Logistical challenges and port congestion have delayed shipments of Qatari crude oil (HS Code 2709) to the United States, impacting delivery schedules for several US refineries.
2023-08-30
Impact: Delays may temporarily disrupt supply chains for US refineries, potentially increasing costs and affecting market prices.
Policy Updates
US Adjusts Tariff Policies on Qatari Oil Imports
The US government has introduced a temporary waiver on certain tariffs for crude oil imports from Qatar (HS Code 2709) to encourage diversification of energy sources amid global supply uncertainties.
Date: 2023-10-01
Qatar Updates Export Regulations for Crude Oil
Qatar has streamlined export licensing procedures for crude oil (HS Code 2709), aiming to facilitate smoother trade with key partners like the United States.
