Faisal Al-Rawas, Chairman of the Oman Chamber of Commerce and Industry (OCCI), met today with a delegation of U.S. trade representatives to discuss the implementation of the Free Trade Agreement (FTA) between the two nations. The talks centered on identifying key challenges facing Omani private-sector exporters and importers while exploring optimal ways to activate the agreement's provisions.

Key Discussion Points:

FTA as a Strategic Economic Tool

In remarks during a business meeting attended by Omani and U.S. exporters, importers, and investors, Al-Rawas emphasized that the FTA serves as a strategic instrument to bolster the economy and expand opportunities for Omani products in the U.S. market.

Addressing Trade Barriers

Discussions covered challenges affecting bilateral exports, imports, and investments, including recent U.S. customs tariffs imposed on Omani goods.

The Omani private sector expressed hopes for a review of these tariffs to facilitate smoother trade relations.

Upcoming Omani Trade Office in the U.S.

Al-Rawas highlighted the planned opening of an Omani trade office in the U.S., expected to begin operations soon.

The office will play a pivotal role in boosting Omani exports to the U.S. while encouraging American investments in Oman.

Enhancing Global Market Access

The OCCI continues to study and address obstacles faced by Omani businesses in accessing global markets, particularly the U.S.

Efforts include evaluating solutions to streamline the flow of goods and services in line with international standards.

Public-Private Collaboration

Al-Rawas stressed the importance of joint efforts between government entities and the private sector to maximize the benefits of the FTA.

Context:

The meeting reflects Oman’s proactive approach to strengthening economic ties with the U.S., particularly after recent tariff impositions. The FTA remains a cornerstone for bilateral trade, and both sides are working to optimize its implementation for mutual economic growth.