oman forum

News and Business

International Trade Forum - Num. 2/2007, Janvier 2007

If You Can't Sell It, Don't Make It

For a long time Oman had an economic policy based on the following principle: if it moves, tax it; if it is still moving, legislate it; if it stops, subsidize it. Since 1996 Oman has conducted a new strategy. It identified products that can be sold internationally. It also identified the markets these products can go into. It carried out specific studies on market penetration. It used ITC tools to enhance the capability of its firms. For the last ten years the non-oil exports of Oman have inc...