Meeting in Muscat discusses Oman-US Free Trade Agreement
Muscat: Oman Chamber of Commerce and Industry (OCCI) on Wednesday hosted a meeting in Muscat with U.S. trade representatives to discuss the Free Trade Agreement (FTA) between Oman and the United States of America.
The session focused on identifying key challenges hindering Omani private sector exporters and importers from optimally implementing the agreement's provisions.
Discussions addressed U.S. imposed tariffs and the Omani private sector's aspirations for reconsideration of these tariffs on Omani exports.
The meeting emphasized the importance of establishing Oman's forthcoming commercial office in the United States, expected to commence operations soon. This office is anticipated to enhance Omani exports to the U.S. market while encouraging American exports and investments into Oman.
A parallel workshop convened between Omani and American exporters, importers, and investors to examine obstacles affecting their trade and investment activities.
Faisal Abdullah Al Rowas, Chairman of OCCI's Board of Directors, affirmed that the FTA serves as a strategic tool to bolster the economy and expand market access for Omani products in the United States. He stressed the necessity of collaborative efforts between government entities and the private sector to maximize the agreement's benefits.
Al Rowas noted that OCCI continues to analyze challenges facing Omani private sector companies in accessing global markets, including the U.S., while evaluating solutions to facilitate the unimpeded flow of goods and services in accordance with international standards.
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