Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Turkey and Oman try significant efforts to enhance bilateral trade, joint ventures and investments in a move to increase trade. Turkish companies participating at Big Show 2013, Kerem A. Kirath, ambassador of the Republic of Turkey, asserted that bilateral trade between the two countries in 2012 stood at OMR120 million, compared to OMR100 million in 2011.
Oman received investments worth approximately $8 billion, so far, from Turkey. Most of the Turkish investments are in the contracting business. But Omani companies have invested just $10 million in Turkey in businesses such as quarries, real estate and trading.
Turkey and the Gulf Cooperation Council (GCC), as a block, are engaged in negotiating a free trade agreement (FTA). According to Kerem A. Kirath Turkey believe that there will be a significant rise in bilateral trade between Turkey and all GCC countries.
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