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Oman Free Trade Agreements List

14 December 2020 No Comment

On June 29, 2006, the U.S. Senate passed OFTA by 60-34 votes,[1] the fewest “aye” votes in the Senate on a trade bill other than the CAFTA. On 20 July 2006, the U.S. House of Representatives passed the OFTA by 221 votes in, 205 against and 7 abstentions. [2] For procedural reasons, the Senate voted on 19 September 2006 by a second vote and the bill was passed by 62 votes to 32 and 6 abstentions. [3] Overall, the Senate approved Bill 63-37, since all senators voted either “aye” or “nay” in one of the two votes. Not all work rules are treated in the same way. The free trade agreement between the United States and Oman establishes three basic labour obligations for partner countries: (1) ILO compliance obligations; (2) obligations to enforce their own labour standards; (3) and the obligation not to abstain from these standards in order to attract trade and investment. However, critics argue that only the second of these three obligations is enforceable by the dispute settlement procedures of the Oman Free Trade Agreement in the United States. This treatment, they argue, runs counter to the provisions of the U.S.-Jordan Free Trade Agreement, which make the three commitments enforceable through the dispute settlement process.28 USTR Portman said the U.S.-Oman free trade agreement would contribute to economic growth and trade between the two countries, would create export opportunities for businesses. , U.S. farmers and farmers, would help create jobs in both countries and help U.S. consumers save money while providing them with more choice.

He stressed that in addition to the removal of tariffs on U.S. exports, Oman will provide significant market access across the services regime, provide a secure and predictable legal framework for U.S. investors operating in Oman, which would ensure effective enforcement of labour and environmental legislation and protect intellectual property. It also argues that this agreement will support and accelerate the market liberalization launched by Der Oman as part of its WTO accession in 2000. Portman says joint efforts between the United States and Omani will promote economic growth and democracy, raise living standards and promote peace and economic stability in the Middle East – a region of nearly 350 million people and a $70 billion trade relationship with the United States.18

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Kathy Becker (291 Posts)

Kathy is the CEO/President of the Company of Experts, Inc. and oversees this Small Woman Owned Business serving schools, colleges and universities, businesses, corporations and non-profits moving them from deficit models of planning and thinking to engagement, empowerment and collaboration.


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