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Sun 23 Feb 2014 01:54 PM

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Oman sets up anti-dumping committee

Move comes amid claims that sultanate is offloading petrochemicals, steel pipes and marble fields at below-market rates

Oman sets up anti-dumping committee

Oman has set up a committee to address mass dumping allegations amid claims the sultanate was offloading petrochemicals, steel pipes and marble fields at below-market rates following the global financial crisis.

A specialised department at the Ministry of Commerce and Industry will investigate as a starting point six claims filed against Oman, Khalid bin Said al Shu'aibi, Director General of Organisations and Trade Relations at the Ministry of Commerce and Industry, told the Muscat Daily.

“Dumping is the selling of products in foreign markets at prices lower than those in the local market,” he said.

“To file a case, the exports should constitute three percent of the market share. Many cases could be combined in a single case, subject to their representing not less than nine per cent of exports."

Shu'aibi said the ministry realised the importance of raising awareness among Omani industrialists on dumping and subsidy issues. It followed the recent visit by the World Trade Organization (WTO) director-general to Oman for discussions on the matter, he said.

As well as dealing with the dumping issue, Shu'aibi said the department would promote protective procedures, raise public awareness among the local industry and provide technical support local industries.

An expert in the field of anti-dumping will be hired to develop a system that includes special measures related to investigating cases against the sultanate.

Shu'aibi also said that the assistance of a technical secretariat at the GCC Secretariat General in Riyadh will be utilised due to the lack of a specialised department in the sultanate.

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