Completion of Hidden Trade Combat Execution in Oman

The Ministry of Commerce, Industry, and Investment Promotion in Oman announced the completion of the second phase of implementing the decision to combat hidden trade. This decision aims to organize and improve the business environment in the country by targeting institutions violating the laws.

Importance of the Decision

This decision is considered a significant step towards enhancing transparency and fairness in the Omani market, as it seeks to eliminate illegal commercial activities that adversely affect the national economy. The first phase was successfully implemented, encouraging the ministry to proceed with the second phase.

This phase includes stringent measures to ensure compliance with existing laws and regulations, in addition to providing support to institutions that adhere to the laws.