On 9 May 2003, the
President of the United States outlined a strategy
towards the establishment of a U.S.- Middle East
free trade area, to be developed within a decade.
One step towards this was to be the negotiation of
bilateral investment treaties (BITs) and Trade and
Investment Framework Agreements (TIFAs) with Middle
Eastern countries.
On 7 July 2004, the United States and the Sultanate
of Oman signed a Trade and Investment Framework
Agreement (TIFA) as a forum to examine ways to
expand bilateral trade and investment. On 15
November 2004, the U.S. Administration notified the
U.S. Congress of its intent to negotiate a free
trade agreement with Oman. On 12 March 2005 the
United States and Oman launched negotiations in
Muscat, Oman, and concluded the negotiations on 3
October 2005. The U.S. Administration notified
Congress of the intent to sign the FTA on 17 October
2005. The draft text was made available to the
public on 18 October 2005. The agreement was signed
on 19 January 2006.
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