The United States and Oman signed the U.S.-Oman Free Trade Agreement (FTA) on January 1, 2009. The FTA has boosted economic ties by eliminating duties and commercial barriers to bilateral trade in goods and services, providing protections for intellectual property, ensuring regulatory transparency, requiring effective labor and environmental enforcement, and strengthening protections for investors (including by allowing them to fully own a business without a local partner).
In the first ten years of the FTA’s implementation, bilateral merchandise trade increased by over 50 percent to over $3 billion in 2019, while U.S. foreign direct investment into Oman nearly doubled during the same period. Through 2021, trade stood at $ 3.2 billion. The United States is one of Oman’s top ten trading partners. The largest U.S. export categories to Oman are automobiles, aircrafts and related parts, industrial machines, and engines, plastic materials and pharmaceuticals. Oman’s main exports to the United States are industrial supplies, aluminum, fertilizers, jewelry, and oil by-products such as plastics. In 2021, the U.S. was the second largest foreign director investor in Oman.
For questions about the FTA, please contact the U.S. Embassy at: email@example.com.
For more information on this, please visit: https://ustr.gov/trade-agreements/free-trade-agreements/oman-fta/final-text