US-Oman

Late 2005, Oman finalised an FTA with the United States, as part of the US’ plan to reach an all encompassing Middle East Free Trade Agreement. It was signed in Washington on 19 January 2006. While the text is still going through the ratification processes, major US corporations are lining up to benefit including Halliburton, Bechtel, Microsoft and Dow Chemical.

The FTA was ratified in June 2006. Companies like Dow Chemical hailed the agreement as it would open doors for them to expand their petrochemical operations in the Sultanate.

The deal entered into force in January 2009 after being delayed supposedly because Oman was dragging its feet on changing domestic laws on telecommunications and software.

last update: May 2012

Articles

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  • 7-Nov-2009 US-Oman FTA Opens up New opportunities
    The Free Trade Agreement between Oman and the US will help open up a world of opportunities to the sultanate’s products and services and boost foreign investment into the country, said speakers at a seminar held by the Muscat Chapter of the Institute of Chartered Accountants of India.
  • 6-Jan-2009 Zawya New era in Oman-US trade relations
    New Year day (1 January 2009) marked the entry into force of the Oman-US Free Trade Agreement
  • 30-Dec-2008 AFP US, Oman free trade pact to be effective Jan 1
    The United States said Monday that a free trade agreement with oil-rich Oman will enter into force on January 1 2009.
  • 18-Oct-2008 Zawya Oman-US FTA?
    The two major areas holding up the implementation of the FTA are the liberalisation of the telecom sector and policy changes changes in the Sultanate’s software policy.
  • 7-Feb-2007 Times of Oman US reaffirms commitment on FTA with Oman
    The United States yesterday reaffirmed its commitment for expanding trade ties between the two nations and implementing the free trade agreement (FTA) as early as possible.
  • 7-Dec-2006 Oman Daily Observer Oman-US free trade to begin in early 2007
    The US-Oman Free Trade Agreement (FTA) is expected to take effect in the first quarter of 2007, offering boundless bilateral trading opportunities, Maqbool bin Ali Sultan, Minister of Commerce and Industry, told the Sultanate’s corporate sector yesterday.
  • 4-Oct-2006 Sayyid Fahd receives US envoy
    His Highness Sayyid Fahd bin Mahmoud Al Said, deputy prime minister for the Council of Ministers, received here yesterday the US ambassador to the Sultanate. Sayyid Fahd welcomed the ambassador and wished him success in his new tasks and relations between the two countries’ progress.
  • 27-Sep-2006 Times of Oman Bush signs US-Oman free trade agreement
    US President George W. Bush signed legislation containing the historic US-Oman Free Trade Agreement (FTA) into law in Washigton yesterday.
  • 20-Sep-2006 Washington Post Senate approves Oman trade deal, sends to Bush
    The US Senate gave final congressional approval on Tuesday to a free trade agreement with the Gulf Arab state of Oman, sending the bill to President George W Bush to sign into law.
  • 17-Sep-2006 Oman, US discuss trade cooperation
    Eng. Salim bin Said Al Ghattami, chairman of Oman Chamber of Commerce and Industry (OCCI), yesterday met the US deputy assistant secretary of trade for international trade affairs, and her accompanying delegation.
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