ANNOUNCEMENT 22 Jul 2014

In July 2014, the government of Oman announced a change in import formalities.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Royal Decree no. 34/2014 (in Arabic): https://mola.gov.om/Download.aspx?Path=royal/34-2014.pdf
Lexology.com (CMS Cameron McKenna), 12 August 2014, 'Changes to Omani Commercial Agencies Law aim to increase market competition': http://www.lexology.com/library/detail.aspx?g=096fb26b-057d-475c-93bc-c8c3b4c6e360


Inception date: 22 Jul 2014 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

On 22 July 2014, Royal Decree No. 34/2014 of the Sultan of Oman came into force, amending the country's Commercial Agencies Law. Two main changes are contained in the document:

  1. Whereas the previous regime favoured local commercial agencies, their monopoly has been broken by the new Royal Decree. A foreign natural or legal person may henceforth sell his goods in Oman without being obliged to use a local commercial agent. In addition, commercial agency agreements are no longer automatically renewed.
  2. The number of commercial agreements a business can enter into with local agents can be limited if there are signs it has a market monopoly, e.g. when the multitude of commercial agreements a business has in place impacts negatively on price or supply. In addition, the Minister of Commerce and Industry is restricted in his powers to impose import bans.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A