Overview
Trade policy in Oman is oriented toward openness and integration with the global economy. As a member of the World Trade Organization since 2000 and the Greater Arab Free Trade Area, the Sultanate benefits from preferential market access and rules-based trade dispute resolution. Bilateral free trade agreements, notably with the United States, further enhance market opportunities for Omani exporters. The government actively modernises customs procedures and develops export-promotion programmes to diversify trade beyond hydrocarbons.
Key Points
Customs modernisation includes electronic clearance systems, risk-based inspection, and adoption of the World Customs Organization single-window framework. Export promotion agencies support Omani manufacturers and service providers in accessing international markets through trade missions, exhibitions, and buyer-matching programmes. Trade facilitation reforms have reduced the time and cost of cross-border transactions. Oman’s strategic location on international shipping lanes enhances its role as a logistics hub connecting Asia, Africa, and Europe.
Current Status
Non-oil exports have grown as a share of total merchandise trade, reflecting the success of industrial diversification efforts. The US-Oman Free Trade Agreement continues to generate bilateral trade flows and investment linkages. Port throughput at Sohar, Salalah, and Duqm has increased, supported by infrastructure expansion and competitive service offerings. The government is exploring additional bilateral and multilateral trade arrangements to expand market access for priority sectors.
Vision 2040 Context
Vision 2040 positions Oman as a globally connected trading nation that leverages its geographic advantage and logistics infrastructure. The strategy calls for continued trade liberalisation, regulatory harmonisation with international standards, and aggressive export promotion. By facilitating trade and reducing barriers, Oman strengthens its integration into global value chains and creates opportunities for businesses of all sizes.