Oman–United States Free Trade Agreement
The U.S.-Oman Free Trade Agreement is a trade pact between Oman and the United States. On November 15, 2004, the George W. Bush administration notified the U.S. Congress of its intent to sign a trade agreement with the Middle Eastern Sultanate of Oman. On January 19, 2006 the two countries signed the U.S.-Oman Free Trade Agreement (OFTA), which is part of the Bush administration's strategy to create a US - Middle East Free Trade Area (MEFTA) by 2013.
- United States–Oman Free Trade Agreement (OFTA) (American English)
- اتفاقية التجارة الحرة بين الولايات المتحدة الأمريكية وسلطنة عمان (Arabic)
- United States–Oman Free Trade Agreement (OFTA) (American English)
- اتفاقية التجارة الحرة بين الولايات المتحدة الأمريكية وسلطنة عمان (Arabic)
19 January 2006
19 January 2006
1 January 2009
2 months after notification of each state that all internal procedures have been completed
To implement the United States-Oman Free Trade Agreement.
On June 29, 2006, the U.S. Senate passed OFTA by a vote of 60-34,[1] the fewest "aye" votes in the Senate of any trade bill other than CAFTA. On July 20, 2006, the U.S. House of Representatives passed OFTA by a vote of 221-205, with 7 abstentions.[2] For procedural reasons, the Senate took a second vote on September 19, 2006, and the bill's implementing bill was passed 62-32, with 6 abstentions.[3] In all, the Senate approved the bill 63-37, since all senators voted either "aye" or "nay" in one of the two votes.
George W. Bush signed the bill into law on September 26, 2006.[4]
And on December 29, 2008 signed the proclamation to implement the agreement with effective date of January 1, 2009.[5]
According to the U.S. Trade Representative's office and other proponents of the pact, OFTA is an important step towards reducing barriers to trade in goods and services in Oman.