Friday, March 29, 2024 | Ramadan 18, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Law allows multiple distrbutors for same product

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The Ministry of Commerce and Industry has confirmed “exclusive agencies for various products have been abolished” as per the commercial agencies law. “The law allows multiple agencies for distribution of the same product,” said the ministry. There are also no restrictions on import of any goods by agents in the Sultanate. As per reports, all laws enforced in the Sultanate allow the import of various goods and products from different countries around the world without any restrictions. The field is open to all agencies in the country to sign contract with multinational companies.


The import and export licences are only obtained from the General Administration of Customs as it will help save the time of investors in Oman.


The clarity on the issue has been welcomed by the general consumers as it will help end monopolistic practices and encourage competition in the country.


The decision has been welcomed as there have been concerns that the monopolistic practices have to be stopped especially in the field of agencies and dealerships for auto spare parts.


Vinod nair


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