Oman participated in the G20 Trade and Investment Ministers’ Meeting held in India and touched upon ways to enhance trade and economic ties.
The G20, representing over 75% of global trade, convened to discuss crucial trade and investment matters. The Omani delegation was led by Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.
The discussion centered around vital themes brought to the table by Minister Qais bin Mohammed Al Yousef. Trade facilitation emerged as a priority, with an emphasis on India’s potential to achieve this through bilateral free trade agreements and collaborations with Gulf Cooperation Council nations.
Minister Al Yousef underscored Oman’s significant achievements across various investment, logistics, and digital transformation domains under the wise leadership of Sultan Haitham bin Tariq.
These accomplishments were attributed to efforts in modernizing the legislative framework and foundational infrastructure to align with global investment trends.
“The Sultanate of Oman eagerly anticipates its participation in the upcoming World Trade Organization Ministerial Meeting in Abu Dhabi this February,” Al Yousef affirmed.
This participation is expected to introduce new protective measures to safeguard the future of the multilateral trading system, with the World Trade Organization being a cornerstone supporter of the multilateral system.
Oman’s active involvement in these international gatherings underscores its commitment to expanding trade networks, optimizing investment avenues, and contributing to global economic growth.
As the world looks towards collaborative solutions, Oman stands at the forefront, actively shaping the landscape of international trade and investment.
