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Export development and facilitation by Ociped. 2011. Agenda. Oman’s vision Ociped vision and mission Export development from Oman. Oman’s vision. Oman basic law article 11 The basis of national economy is justice and the principles of free economy. Ociped’s vision.
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Agenda • Oman’s vision • Ociped vision and mission • Export development from Oman
Oman’s vision Oman basic law article 11The basis of national economy is justice and the principles of free economy
Ociped’s vision Creation of wealth through investment promotion and export development
Ociped’s mission • Individuals right to choose in commercial transactions • Ability to voluntary exchange goods and services • Freedom to compete • Protection of personal, intellectual and property rights • Ability to access sound money
Role of Directorate General of Export Development • Develop export strategy for non-oil Omani products • Conduct market studies in target markets • Provide international trade information/market intelligence
Role of Directorate General of Export Development • Provide trade leads • Organize exhibitions and trade missions • Invite buyers and arrange matchmaking meetings • Coordinate with the public & private sectors on issues affecting international trade
Products of Export development department • Trade map • Product map • Trade secrets document • Generalized system of preferences (GSP) • I-match • Trade reports • Market studies
Export strategy for non-oil Omani products • Identify thrust products and target markets. • Find opportunities to leverage various trade pacts. • Fix export targets and monitor them. • Extend support services.
Market study in Yemen The non-oil Omani origin exports increased from RO. 12.3 million during the year 2003 as against RO. 33.5 million 2009 registering Compounded Annual Growth Rate (CAGR) of 18% RO in Million
Market study in Kenya & Tanzania The non-oil Omani origin exports increased from R.O. 2.26 million during the year 2003 as against RO. 5.6 million 2009 registering Compounded Annual Growth Rate (CAGR) of 16%. RO in Million
Market study in Iran The non-oil Omani origin exports increased from R.O. 2.57 million during the year 2003 as against RO. 5.6 million 2009 registering Compounded Annual Growth Rate (CAGR) of 14%. RO in Million
Market study in Syria The non-oil Omani origin exports increased from R.O. 2.9 million during the year 2003 as against RO. 11.5 million 2009 registering Compounded Annual Growth Rate (CAGR) of 31%. RO in Million
Market study in Sudan The non-oil Omani origin exports increased from R.O. 2.7 million during the year 2003 as against RO. 10 million 2009 registering Compounded Annual Growth Rate (CAGR) of 25%. RO in Million
Market study in Libya The non-oil Omani origin exports increased from R.O. 1.4 million during the year 2004 as against RO. 0.8 million 2009 registering Compounded Annual Growth Rate (CAGR) of -11%. ROinMillion
Market study in India The non-oil Omani origin exports increased from R.O. 70 million during the year 2005 as against RO. 217 million 2009 registering Compounded Annual Growth Rate (CAGR) of 33%. ROinMillion
International trade information & market intelligence • Sultanate of Oman is the first country in the GCC and second in Arab states to establish Trademap in association with ITC. • Analyses potential trade. • Provides customs duty for over 5000 products in 180 countries.
International trade information & market intelligence • Sultanate of Oman is the first country in the GCC and Arab states to establish Productmap covering 72 sectors.
International trade information & market intelligence The Generalized system of preferences (GSP) is a preferential tariff system providing advantages to developing countries by enabling qualifying products to enter markets of donor countries at reduced or totally eliminated rates of duty.
Trade leads • I-Match provides trade leads to Omani exporters. • Data strength: System has 165 exporters, more than 100,000 importers worldwide and 1500 global trade promotion organizations. • Auto email to exporters: Sends 5 importers details by email every week to all exporters.
Exhibitions and trade missions Participated in 25 international exhibitions and trade missions exhibitions which have helped to showcase Sultanate of Oman as the manufacturer of quality products.
Workshops and seminars Arranged 34 seminars and workshops which have helped Omani exporters to succeed in international markets.
Invite buyers and arrange matchmaking meetings • Many exporters have derived benefits out of these matchmaking meetings.
Trade reports • Trade reports analyses the two way trade scenario between the Sultanate of Oman and its trading partners and identifies potential export products based on imports done by these countries. • An average of 4 trade reports per month are prepared.
Export Development Working Group OCIPED has formed Export Development Working Group (EDWG) whose members comprise of private and public sector organizations. 54 EDWG meetings have been held so far
Results The non-oil Omani origin exports increased from RO. 173 million during the year 1996 to RO. 2448 million in 2010 registering a Compounded Annual Growth Rate of 21% CAGR =21 % RO in Million Year
Target for non-oil Omani origin exports 2011 Growth 15% Exports of Non-oil Omani Origin products are expected to grow by 15% to touch RO.2815 million by 2011 RO in Million 2010 2011
Thank you Ociped P.O. Box 25 Wadi Kabir Postal code 117 Sultanate of Oman Tel: +968-24623300 Fax: +968-24623333 www.ociped.com Export inquiries : export@ociped.com Updated date March 2011