Muscat, The State Council today discussed the draft version of a proposed “Illicit Trade Law”, forwarded by the Council of Ministers and a report on the same law by the State Council’s Economic Committee.

This came during the 6thordinary sitting of the State Council’s annual convening of its 7th Term.

The deliberation session was presided over by Dr. Yayha bin Mahfoudh al-Manthri, Chairman of the State Council.

A statement on the draft law on illicit trade was presented by Sheikh Mohammed bin Abdullah al-Harthy, Head of the Economic Committee. He pointed out that the preparation of the draft law was informed by recommendations of a symposium on Small and Medium Enterprises held in January 2013 at Saih Al Shamikhat.

Sheikh al- Harthi added that the draft law consists of 19 articles forming three main sections: “Definitions and General Provisions”, “Controlling and Eliminating Violations”, and “Penalties”.

The participants engaged in exhaustive discussions about the draft law, expressing their views about its articles and stressing its significance as the first legal framework underpinning measures to tackle all aspects of illicit trade.

The State Council also looked into other reports, including one by its own Secretariat General and reports on information, research and other topics.

Source: Oman News Agency