An additional favourable factor is that Oman has moved to improve its
investment climate. Nonetheless, the report indicates that a number of
activities are still subject to FDI restrictions (e.g. tourism, and
internal waterway and taxi transportation).
The report also notes that a key element of Oman’s reform process
relates to full economic integration under the Gulf Cooperation Council
(GCC), of which the customs union component was launched on 1 January
2003. Oman also participates in the Pan Arab Free Trade Area (PAFTA),
and has signed a trade agreement (not yet in force) with the United
The report also stresses that Oman needs to bring some elements of its
trade regime into greater conformity with WTO provisions. Continued
reforms, including dismantling of the remaining impediments to FDI, and
further improvement of Oman’s multilateral commitments, both on goods
and services, would contribute to better resource allocation, and
increase the predictability of its trade regime.
The WTO report, along with a policy statement by the Government of Oman,
will be the basis for the first TPR of Oman by the Trade Policy Review
Body of the WTO on 25 and 27 June 2008.
The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Singapore: 14 and 16 of July 2008
Barbados: 17 and 19 September 2008
Republic of Korea: 8 and 10 October 2008
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