Muscat: The US International Trade Commission has decided to close the case against Oman’s exports of steel pipes without imposing any fees.
The decision came after a US court granted US national companies sixty days to appeal the final verdict issued last February in favour of Oman’s exports. No companies appealed.
A US Commerce Department investigation into the case concluded there was no damage to any of the prosecuting companies due to Omani exports of steel pipes to the US.
Omani exports will now continue to compete in the US market without the imposition of any protectionist measures relating to the fight against harmful practices in international trade, which is reinforced by the presence of a free trade agreement between the two countries.
In a related case, US steel companies filed a case against Oman for exporting polyethylene products to Egypt under the market price, flooding the markets last year.
Egyptian authorities investigated the case for one year, before ruling in favour of Oman.
Oman’s total steel exports to US stood at $70 million in 2014.
