ISDS Case Map
Oman
Visiting Chinese State Councilor and Foreign Minister on Monday held a meeting with his Omani counterpart, during which both sides agreed to enhance bilateral cooperation and push forward the free trade zone talks.
Both sides also agreed to expedite their internal procedures for signing and ratification of the Protocol amending India-Oman Double Taxation Agreement and conclusion of the India-Oman Bilateral Investment Treaty.
Oman’s sovereign wealth fund has withdrawn an 80 million euro claim against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), the Bulgarian finance ministry said.
Livestock farmers have requested the Centre to include egg exports from India in the free trade bilateral agreement with Oman, which is expected during the visit of Prime Minister to Oman this month.
Samsung Engineering’s longstanding dispute with the government of Oman has been resolved, and industry insiders expect the resolution to lead to increased business activity between the two down the road.
Iran is ready to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan and Oman.
Samsung Engineering said that it filed an international arbitration complaint against the Oman government earlier this week over an oil refinery plant deal worth $1 billion.
Oman and the European Union (EU) are seeking to boost bilateral trade and investment by providing increased opportunities to the business communities on both sides to trade and exchange information.
Eng. Ahmad bin Hassan Al Dheeb, Commerce and Industry Ministry undersecretary for Commerce and Industry said that the council of ministers' assignment of the ministry to prepare tables that identify the Sultanate's commitments towards World Trade Organisation (WTO) and Free Trade Agreements (FTAs) came to enlighten private sector companies and establishments and the public on the benefits, advantages and disadvantages of those conventions.
Aiming to explore further trade and investment opportunities in many areas, the Sultanate will host the first GCC-Asean Business Forum in February next year.
