The Oman-U.S. Free Trade Agreement

The United States entered into a Free Trade Agreement (FTA) with Oman on January 1, 2009.

The FTA allows US investors to wholly own their companies without requiring a local sponsor, although many choose to partner with Omani companies to leverage local expertise and to facilitate business.

This agreement represents an important tool to foster continued economic engagement and open opportunities for ports, businesses, farmers, manufacturers and many other service providers..

Under the market access provisions of the FTA, the United States and Oman provided each other immediate duty-free access for tariff lines covering almost all consumer and industrial goods, and 87% of all agricultural tariff lines. Both countries agreed to phase out all tariffs on the remaining eligible goods within 10 years (January 1, 2019).

The FTA contains trade facilitation measures designed to expedite the movement of goods and the provision of services between Oman and the United States; investment provisions intended to strengthen protections for U.S. investors operating in Oman, including allowing them to fully own a business without a local partner; and provisions on safeguards, intellectual property rights, government procurement, labor, environment, and dispute settlement to improve the regulatory climate for bilateral trade and investment.

Useful Links and Resources:

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U.S. Embassy in Oman FTA Resource Page

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FAQ'S about the FTA

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FTA Best Practices

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U.S. Trade Resources for Importers and Exporters

embassy

Embassy of Oman in Washington DC

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Country Commercial Guide from export.gov

Oman Chamber

Oman Chamber of Commerce and Industry

Census

Up to date info on trade between US and Oman

Invest Easy

Invest Easy Portal (Ministry of Commerce and Industry)

Free Trade Agreement Help Center

Recommended Attorneys in Oman:

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CMS

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Jamal Al Amri Advocates and Legal Consultants

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Dentons & Co – Oman Branch

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Addleshaw Goddard Oman

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Kennedys Law Oman

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Trowers & Hamlins

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Said Al Shahri & Partners

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ALC Lawyers & Counsels

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Bait Al Qanoon

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Al Tamimi & Company

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Global Advocacy & Legal Counsel

Recommended Consultants and Company Registration Experts:

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Cross Border LLC

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Wadood

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Bondoni ME

Success Stories of the FTA: Watch Interviews

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