Oman

Abstract

Wikipedia Country Information

Oman ( oh-MAAN; Arabic: عمان‎‎ ʻumān pronounced [ʕʊˈmaːn]), officially the Sultanate of Oman (Arabic: سلطنة عُمان‎‎ Salṭanat ʻUmān), is an Arab absolute monarchy country on the southeastern coast of the Arabian Peninsula. Holding a strategically important position at the mouth of the Persian Gulf, the country shares land borders with the United Arab Emirates to the northwest, Saudi Arabia to the west, and Yemen to the southwest, and shares marine borders with Iran and Pakistan. The coast is formed by the Arabian Sea on the southeast and the Gulf of Oman on the northeast. The Madha and Musandam exclaves are surrounded by the UAE on their land borders, with the Strait of Hormuz (which it shares with Iran) and Gulf of Oman forming Musandam's coastal boundaries.
From the late 17th century, the Omani Sultanate was a powerful empire, vying with Portugal and Britain for influence in the Persian Gulf and Indian Ocean. At its peak in the 19th century, Omani influence or control extended across the Strait of Hormuz to modern-day Iran and Pakistan, and as far south as Zanzibar. As its power declined in the 20th century, the sultanate came under the influence of the United Kingdom. Historically, Muscat was the principal trading port of the Persian Gulf region. Muscat was also among the most important trading ports of the Indian Ocean. Oman's official religion is Islam.
Oman is an absolute monarchy. The Sultan Qaboos bin Said al Said has been the hereditary leader of the country since 1970. Sultan Qaboos is the longest-serving current ruler in the Middle East, and fourth-longest current reigning monarch in the world.
Oman has modest oil reserves, ranking 25th globally. Nevertheless, in 2010 the UNDP ranked Oman as the most improved nation in the world in terms of development during the preceding 40 years. A significant portion of its economy involves tourism and trade of fish, dates, and certain agricultural produce. This sets it apart from its neighbors' largely oil-dependent economies. Oman is categorized as a high-income economy and ranks as the 74th most peaceful country in the world according to the Global Peace Index.


Summary
Instruments ratified: 113 / 282
World Average Ratifications: 114 / 282
Ratification rate: 40.04%
World Average Rate: 41.25%
Weighted score: 46.95%
World Average Weighted Score: 41.25%
World rank: 87 / 194
Developing country rank: 40 / 87
Developing country Avg. Ratifications: 109 / 282
Western Asia rank: 8 / 18
Western Asia Avg. Ratifications: 118 / 282
Comparative Statistical Analysis
CONTRACTS Inst. ratified Country score World avg. score Country rank in world Strength
Agency 0/2 0.00% 2.00% 8 Weak
Conflict of laws 0/7 0.00% 3.00% 27 Weak
E-commerce 2/3 (66.67%) 66.67% 18.00% 2 Strong
Franchising 0/1 0.00% 0.00% 1 Average
Leasing/Factoring 0/2 0.00% 5.00% 13 Weak
Principles, trade usages and standards 0/2 0.00% 0.00% 1 Average
Procurement 0/4 0.00% 3.00% 31 Weak
Sale of Goods 0/5 0.00% 25.00% 89 Weak
Travel contracts 0/1 0.00% 3.00% 7 Weak
Total 2 14.49% 9.00% 37 Strong
 
CUSTOMS Inst. ratified Country score World avg. score Country rank in world Strength
Customs Codification 0/3 0.00% 78.00% 153 Weak
Customs Cooperation 1/6 (16.67%) 33.33% 26.00% 71 Strong
Exemption from Duties 1/9 (11.11%) 11.11% 30.00% 109 Weak
Temporary Admission 1/11 (9.09%) 14.71% 28.00% 94 Weak
Transit 0/4 0.00% 28.00% 98 Weak
Total 3 14.13% 31.00% 126 Weak
 
DISPUTE RESOLUTION Inst. ratified Country score World avg. score Country rank in world Strength
Arbitration 2/6 (33.33%) 50.00% 32.00% 29 Strong
Judicial cooperation 1/5 (20.00%) 26.32% 36.00% 76 Weak
Recognition of foreign judgments 0/2 0.00% 2.00% 6 Weak
State court jurisdiction 0/4 0.00% 14.00% 29 Weak
State court procedure 0/1 0.00% 6.00% 12 Weak
State immunities 0/1 0.00% 11.00% 22 Weak
Total 3 30.00% 29.00% 69 Weak
 
ENVIRONMENT AND PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Air 4/5 (80.00%) 80.00% 86.00% 59 Weak
Chemicals 1/1 (100.00%) 100.00% 78.00% 1 Strong
Energy 0/2 0.00% 25.00% 50 Weak
Flora and fauna 6/10 (60.00%) 65.22% 68.00% 91 Weak
Foodstuff 2/2 (100.00%) 100.00% 79.00% 1 Strong
General 1/1 (100.00%) 100.00% 95.00% 1 Weak
International watercourses 0/1 0.00% 18.00% 36 Weak
Maritime and Law of the Sea 15/26 (57.69%) 57.61% 46.00% 70 Strong
Protected geographical areas 0/1 0.00% 27.00% 54 Weak
Waste 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 30 65.63% 61.00% 82 Weak
 
FINANCE, PAYMENTS AND INSOLVENCY Inst. ratified Country score World avg. score Country rank in world Strength
Assignment of receivables 0/1 0.00% 1.00% 2 Weak
Bankruptcy and insolvency 0/1 0.00% 21.00% 41 Weak
Bills of exchange and promissory notes 0/4 0.00% 8.00% 43 Weak
Cheques 0/3 0.00% 13.00% 36 Weak
Credit transfers 0/1 0.00% 0.00% 1 Average
International guarantees 2/3 (66.67%) 54.55% 20.00% 5 Strong
Total 2 14.63% 12.00% 52 Strong
 
GOOD GOVERNANCE Inst. ratified Country score World avg. score Country rank in world Strength
Corruption 1/4 (25.00%) 41.67% 50.00% 92 Weak
Cultural Property 2/4 (50.00%) 50.00% 54.00% 61 Weak
Drugs 3/3 (100.00%) 100.00% 95.00% 1 Weak
Insider Trading 0/1 0.00% 4.00% 9 Weak
Organized crime 2/2 (100.00%) 100.00% 80.00% 1 Strong
Total 8 69.23% 68.00% 86 Weak
 
HUMAN RIGHTS AND LABOUR STANDARDS Inst. ratified Country score World avg. score Country rank in world Strength
Human Rights 7/7 (100.00%) 100.00% 96.00% 1 Weak
Labour Standards 8/8 (100.00%) 100.00% 86.00% 1 Strong
Total 15 100.00% 91.00% 1 Average
 
INSTITUTIONAL PARTICIPATION Inst. ratified Country score World avg. score Country rank in world Strength
Dispute Resolution 0/1 0.00% 39.00% 77 Weak
International Trade Law 6/10 (60.00%) 60.00% 73.00% 126 Weak
Trade support institutions 2/6 (33.33%) 33.33% 51.00% 114 Weak
Total 8 47.06% 63.00% 126 Weak
 
INTELLECTUAL PROPERTY Inst. ratified Country score World avg. score Country rank in world Strength
Broadcasting 0/1 0.00% 47.00% 93 Weak
Copyright 2/3 (66.67%) 90.91% 65.00% 48 Strong
Industrial designs 1/2 (50.00%) 62.50% 31.00% 37 Strong
Integrated circuits 0/1 0.00% 2.00% 4 Weak
Neighboring Rights 1/3 (33.33%) 38.46% 46.00% 85 Weak
Origin 0/3 0.00% 14.00% 51 Weak
Patents 4/5 (80.00%) 85.71% 57.00% 30 Strong
Trademarks 2/6 (33.33%) 45.45% 33.00% 61 Strong
Varieties of plants 1/1 (100.00%) 100.00% 37.00% 1 Strong
Total 11 55.79% 42.00% 64 Strong
 
INVESTMENTS Inst. ratified Country score World avg. score Country rank in world Strength
Investment disputes 1/2 (50.00%) 50.00% 39.00% 2 Strong
Investment guaranty 1/1 (100.00%) 100.00% 93.00% 1 Weak
Total 2 66.67% 57.00% 2 Strong
 
PRODUCTS Inst. ratified Country score World avg. score Country rank in world Strength
Marine Resources 0/1 0.00% 24.00% 48 Weak
Timber 0/1 0.00% 31.00% 61 Weak
General 1/1 (100.00%) 100.00% 92.00% 1 Weak
Total 1 38.46% 53.00% 85 Weak
 
TRANSPORT AND TELECOMMUNICATIONS Inst. ratified Country score World avg. score Country rank in world Strength
Air transport 5/7 (71.43%) 90.48% 59.00% 4 Strong
Aircrafts and civil aviation 7/9 (77.78%) 92.00% 74.00% 11 Strong
Maritime shipping and load lines 9/13 (69.23%) 77.14% 66.00% 94 Strong
Maritime transport 3/12 (25.00%) 20.83% 27.00% 103 Weak
Multi modal transport 0/2 0.00% 4.00% 15 Weak
Rail transport 0/3 0.00% 22.00% 50 Weak
Road transport 0/4 0.00% 31.00% 86 Weak
Space 0/4 0.00% 40.00% 120 Weak
Telecommunications 2/2 (100.00%) 100.00% 47.00% 1 Strong
Total 26 54.05% 50.00% 84 Weak
 
TREATIES LAW Inst. ratified Country score World avg. score Country rank in world Strength
General 1/4 (25.00%) 41.67% 30.00% 41 Strong
Total 1 41.67% 30.00% 41 Strong
 
WTO Inst. ratified Country score World avg. score Country rank in world Strength
Plurilateral Agreements 0/2 0.00% 18.00% 45 Weak
WTO Agreements 1/1 (100.00%) 100.00% 81.00% 1 Strong
Total 1 45.45% 47.00% 45 Weak
 
Strengths and Weakness
Strong
Contracts E-commerce
Customs Customs Cooperation
Dispute resolution Arbitration
Environment and products Chemicals
Environment and products Foodstuff
Environment and products Maritime and Law of the Sea
Finance, payments and insolvency International guarantees
Good Governance Organized crime
Human Rights and Labour Standards Labour Standards
Intellectual property Copyright
Intellectual property Industrial designs
Intellectual property Patents
Intellectual property Trademarks
Intellectual property Varieties of plants
Investments Investment disputes
Transport and telecommunications Air transport
Transport and telecommunications Aircrafts and civil aviation
Transport and telecommunications Maritime shipping and load lines
Transport and telecommunications Telecommunications
Treaties law General
WTO WTO Agreements
 
Average
Contracts Franchising
Contracts Principles, trade usages and standards
Finance, payments and insolvency Credit transfers
 
Weak
Contracts Agency
Contracts Conflict of laws
Contracts Leasing/Factoring
Contracts Procurement
Contracts Sale of Goods
Contracts Travel contracts
Customs Customs Codification
Customs Exemption from Duties
Customs Temporary Admission
Customs Transit
Dispute resolution Judicial cooperation
Dispute resolution Recognition of foreign judgments
Dispute resolution State court jurisdiction
Dispute resolution State court procedure
Dispute resolution State immunities
Environment and products Air
Environment and products Energy
Environment and products Flora and fauna
Environment and products General
Environment and products International watercourses
Environment and products Protected geographical areas
Environment and products Waste
Finance, payments and insolvency Assignment of receivables
Finance, payments and insolvency Bankruptcy and insolvency
Finance, payments and insolvency Bills of exchange and promissory notes
Finance, payments and insolvency Cheques
Good Governance Corruption
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour Standards Human rights
Institutional Participation Dispute Resolution
Institutional Participation International Trade Law
Institutional Participation Trade support institutions
Intellectual property Broadcasting
Intellectual property Integrated circuits
Intellectual property Neighboring Rights
Intellectual property Origin
Investments Investment guaranty
Products General
Products Marine Resources
Products Timber
Transport and telecommunications Maritime transport
Transport and telecommunications Multi modal transport
Transport and telecommunications Rail transport
Transport and telecommunications Road transport
Transport and telecommunications Space
WTO Plurilateral Agreements
Instruments ratifications

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