Muscat, The Public Establishment for Industrial
Estates � Madayn organized today a workshop highlighting World
Trade Organization (WTO) Agreements for the general managers of
companies and factories based in the various industrial cities pertaining
The workshop, which took place at Hormuz Grand Hotel, was
organized in cooperation with Mashura Economic Consultancy.
The workshop aimed at disseminating awareness on the global
variables affecting the manufacturing sector, familiarizing participants
with the core objectives of World Trade Organization and its key
agreements, and underscoring the growing global competition in order
to improve the competitiveness of the industrial enterprises and
enhance their productivity and quality levels.
The event also discussed the basic principles of WTO, which include
trade without discrimination (national treatment). The organization also
plays a role in laying foundation for creating an open trade
environment that ensures export flows without facing obstacles, and
creating an ideal environment for attracting investment and
encouraging investors through a series of agreements adopted by the
The key agreements of WTO include the General Agreement on
Trade in Services (GATS), Agreement on Trade-Related Investment
Measures (TRIMs), and Agreement on Trade-Related Aspects of
Intellectual Property Rights (TRIPS).
Source: Oman News Agency