MUSCAT: Bilateral trade between Oman and Taiwan stood at $3.82 billion last year, up from $3.7 billion in 2013, says a senior Taiwanese official.
“Taiwan is the second largest importer of Omani oil and, in addition to oil, we imported oil-related products, minerals and chemicals,” said Kenneth K. M. Liao, representative of the Taipei Economic and Cultural Office in Oman.
Liao said that machinery, electronics, auto parts, computers, ICT-related and high-tech products topped the list of Taiwan’s exports to the Sultanate.
“The representative office started its activities 38 years ago and has been making efforts to enhance trade and cultural cooperation in various sectors with Oman. I am glad to see the growth of Oman-Taiwan relations in all aspects,” the official said.
He added that there is huge potential for bilateral cooperation in the field of ICT, small and medium enterprises (SMEs) as well as fisheries.
In June, Oman’s Capital Market Authority (CMA) signed a contract to engage the Taipei Exchange as expert consultants, Liao noted.
The contract covers consultancy assistance to be provided by the Taipei Exchange to assist in the design and development of capital market products and services in Oman aimed at supporting the growth of SMEs.
The Taipei Exchange is a non-profit stock exchange entity based in Taipei and was founded in 1994. It operates markets and trading of equity, bond and other securities, and licenses firms and other entities that trade the securities it lists.
