The United States–Oman Free Trade Agreement (FTA) entered into force on January 1, 2009. The FTA, along with other U.S. FTAs in the Middle East and North Africa (MENA) region, promotes economic reform and openness throughout the region. Under the FTA, Oman provides duty-free access to all industrial and consumer products. The FTA also contains comprehensive obligations for services and investment.
Since the entry into force of the FTA, the U.S. goods trade surplus with Oman has risen to $634.3 million in 2024, up from $530.1 million in 2008 (the year prior to entry into force). U.S. goods exports in 2024 were $2.0 billion, up 5.1 percent from 2023. Corresponding U.S. imports from Oman were $1.3 billion, down 20.2 percent from 2023. Oman was the United States’ 67th largest goods export market in 2024.
The United States–Oman Joint Committee is the central oversight body for the FTA.
