Author: United States. Congress. House. Committee on Ways and MeansPublisher:
ISBN:
Category : Free trade
Languages : en
Pages : 70
Book Description
The United States-Oman Free Trade Agreement, June 27, 2006, 109-2 House Document 109-118
Author: United States-Oman Free Trade Agreement Implementation Act
Author: United States. Congress. House. Committee on Ways and MeansPublisher:
ISBN:
Category : Free trade
Languages : en
Pages : 70
Book Description
United States-Oman Free Trade Agreement Implementation Act
Author: United States. Congress. Senate. Committee on FinancePublisher:
ISBN:
Category : Free trade
Languages : en
Pages : 56
Book Description
U.S.-Oman Free Trade Agreement
Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
In aiming to fight terrorism with trade, the United States negotiated and the President signed on January 19, 2006, the U.S.'s fifth bilateral free trade agreement (FTA) in the proposed 20-entity Middle-East-Free Trade Area (MEFTA). This FTA is with Oman. Other U.S.-FTAs are with Israel, Jordan, Morocco, and Bahrain. A sixth is being negotiated with the United Arab Emirates. Oman is a small oilexporting U.S. trade partner that has been supportive of U.S. policies in the Middle East and is strategically located at the mouth of the Persian Gulf. Because its oil reserves could be exhausted within 15-20 years, Oman is trying to liberalize and diversify its trade regime beyond oil and gas to provide economic opportunities for its fast growing workforce. Supporters of the agreement typically cite political and economic reasons. Opponents typically point to labor and human rights issues. The FTA with Oman is similar to other MEFTA FTAs and has three basic parts: new tariff schedules, broad commitments to open markets and provisions to support those commitments, and protections for labor and the environment. It provides immediate duty-free access for almost all consumer and industrial goods, with special provisions for agriculture and textiles and apparel. Among all U.S. trade partners, Oman ranks 88th for the United States, while the United States ranks third for Oman (after the United Arab Emirates and Japan). U.S.-Oman trade at about $1 billion for 2005 represents 0.04% (four-one hundredths of one percent) of total U.S. trade. In 2005, the most important U.S. imports from Oman were oil and natural gas (75%), and apparel (10%). The most important U.S. exports to Oman were transport equipment (56%), and machinery (24%). The U.S. International Trade Commission (USITC) predicts that the economic effect of the U.S.-Oman FTA is likely to be minimal since trade levels are low; and any increase in U.S. imports of apparel would come at the expense of workers elsewhere in the world, not in the United States. Total U.S. foreign direct investment in Oman was $358 million in 2003, up from $193 million in 2002. Supporters argue that the U.S.-Oman FTA will contribute to bilateral economic growth and trade, generate export opportunities for U.S. companies, farmers, and ranchers, and help create jobs in both countries. Critics argue that labor protections are inadequate for Omani workers, and that the FTA will not help level the playing field for Omani and U.S. workers. Critics also argue that a provision in Annex II of the FTA could obligate the United States to open up landside aspects of its port activities to operation by companies doing business in Oman -- activities about which Congress expressed national security concerns during the Dubai Ports World debate. After the President submitted the agreement and the implementing legislation to Congress, relevant committees had 45 days to consider (or not consider) it, and either chamber had 15 more days to vote the legislation up or down without amendment to the agreement itself or the legislation. The Senate passed implementing legislation on June 29, 2006 (S. 3569); the House passed it (H.R. 5684) on July 20; the Senate re-passed it under the House number on September 19, and it became P.L. 109-283 on September 26, 2006. This report will be updated as events warrant.
Providing for Consideration of H.R. 5684, United States-Oman Free Trade Agreement Implementation Act
Author: United States. Congress. House. Committee on RulesPublisher:
ISBN:
Category : Free trade
Languages : en
Pages : 4
Book Description
U.S.-Oman Free Trade Agreement: Potential Economywide and Selected Sectoral Effect, Inv. TA-2104-19
Author: Publisher: DIANE Publishing
ISBN: 1457819228
Category :
Languages : en
Pages : 102
Book Description
The United States-Oman Free Trade Agreement
Author: United States. President (2001-2009 : Bush)Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 1308
Book Description
United States-Oman Free Trade Agreement
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on International TradePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 88
Book Description
Hearing on Implementation of the United States-Oman Free Trade Agreement
Author: United States. Congress. House. Committee on Ways and MeansPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 80
Book Description
Hearing on Implementation of the United States-Oman Free Trade Agreement
Author: United States. CongressPublisher: Createspace Independent Publishing Platform
ISBN: 9781984942609
Category :
Languages : en
Pages : 78
Book Description
Hearing on implementation of the United States-Oman Free Trade Agreement : hearing before the Committee on Ways and Means, U.S. House of Representatives, One Hundred Ninth Congress, second session, April 5, 2006.