OCCI endorses more than RO 680m worth bills

05/07/2017 07:40 AST

Oman Chamber of Commerce and Industry (OCCI) has approved bills worth more than RO 680 million in the first half of 2017, according to a statement from the OCCI.

This number is a great achievement in terms of supporting local production and exports and encouraging local youth to involve in similar trade and commerce activities.

A total of 21,575 bills came for approval in the first half out of which 16,211 were commercial bills while 16,118 were involving different transactions and were passed by the authorities. Similarly, 5,866 bills were endorsed for domestic commodities which is considered to be a major support to the local production.

11,352 bills involved local production certificates for various local produces while the number of international products was 2,471 in the last six months 352 applications for duplicate trade certificates and 698 requests for generalised system of preference through 'Form A' were handled by the OCCI.

On the other hand, there were 1,123 applications for trade agencies in the first six months while the bills for authorised agencies were 2,056 and foreign commodities bills amounted to 5,327.

"The total number of trade bills we received in the last six months were 61,575 amounting to RO 680 million which is a major achievement compared to last year", a source at the OCCI noted.

Oman Daily Observer

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