Trade sem­i­nar to fo­cus on un­healthy prac­tices

Times of Oman - - MARKET -

MUSCAT: A two-day sem­i­nar on un­healthy prac­tices in in­ter­na­tional trade will be con­ducted by the Min­istry of Com­merce and In­dus­try in co­op­er­a­tion with the Public Es­tab­lish­ment for In­dus­trial Es­tates on Septem­ber 25 at Knowl­edge Oa­sis Muscat. An ex­pert from the World Trade Or­gan­i­sa­tion (WTO) in Geneva will ex­plain in de­tail the WTO con­ven­tions on sub­sidy, dump­ing and the in­crease in im­ports as per the WTO con­ven­tions. The Min­istry of Com­merce and In­dus­try has urged fac­to­ries to take part in such pro­grammes and sem­i­nars, es­pe­cially the Sul­tanate has rat­i­fied the Gulf Co­op­er­a­tion Coun­cil (GCC) Com­mon Law on Anti-dump­ing, Coun­ter­vail­ing Mea­sures and Safe­guards. When this law was en­forced by the GCC States, the GCC Tech­ni­cal Sec­re­tar­iat ini­ti­ated in­ves­ti­ga­tions in a num­ber of com­plaints filed by some Gulf fac­to­ries against im­ports from some for­eign coun­tries. The sem­i­nar will pro­vide an op­por­tu­nity for Omani fac­to­ries to get in­sight about the mea­sures re­lated to fil­ing com­plaints and how far the fac­to­ries can pro­tect their ex­ports to the for­eign mar­kets. The Anti-Dump­ing Depart­ment at the Min­istry will cre­ate di­rect com­mu­ni­ca­tion chan­nel with the Omani fac­to­ries.

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