Oman–United States Free Trade Agreement

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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.

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.[1]

Views in favor of OFTA[edit]

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.

References[edit]

External links[edit]