The US–Oman Free Trade Agreement (FTA) came into force on January 1, 2009, a little less than three years since the two countries signed it on January 19, 2006. FTA contains trade facilitation measures for increasing the movement of goods and the provision of services between Oman and the US. It includes investment provisions intended to strengthen protections for investors of either country operating in the other country.
FTA also includes provisions on safeguards, intellectual property rights, government procurement, labour, environment, and dispute settlement to improve the regulatory climate for bilateral trade and investment between the two countries. This article aims to provide an overview of the various features of FTA, highlight the important benefits and implications and raise pertinent questions regarding various aspects of its implementation.