Oman joins WTO in October

Published October 9th, 2000 - 02:00 GMT

Oman will become a full member of the World Trade Organization (WTO) in 

October, an Omani official said Wednesday.Trade Minister Makboul Sultan said, during a meeting of the organization in Geneva, that Oman would join 

the WTO on October 10 .  


“Oman has completed all the requirements and we are 

waiting for the official announcement of Oman’s 

membership,” Sultan was quoted in Omani newspapers. 


Sultan called on small companies and family-owned 

business to merge to be able to meet the challenges 

and competition posed by large business groups and 

companies. He said Oman should focus on establishing 

big companies instead of several small companies.  

There are only 140 public trading companies in Oman, 

Sultan said. And there are more than 100,000 small 

companies and family-run businesses. 


The Gulf state has launched several reforms in its 

pursuit of the WTO membership. Oman has taken steps 

to reduce restrictions on foreign investment and has 

stepped up its crackdown on copyright piracy. 


Sultan said the ministry has confiscated more than 

50,000 counterfeit computer programs and has shut down 

a large number of businesses that were in violate of 

intellectual property rights. – (Albawaba-MEBG) 




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