Service trade liberalization in Oman

Oman - 30 June 2016

Trade topics: Trade in Services

The chair conducted a study on service trade liberalization in Oman collaboration with the Ministry of Commerce and Industry. The service sector in Oman contributes around 41% to the Gross Domestic Product (GDP) and has shown a sustained annual growth of 12% during the last four years. This compares favorably with the industrial and agricultural sectors where the annual growth during the same period reached 9 and 7% respectively. Three subsectors, “Public administration”, “wholesale and retail trade”, “transport, storage, communication” constitute more than half of the total service value added. The demand for the service activities is expected to increase as the economy diversifies away from oil.