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MoCIIP, CPA sign pact to create attractive investment environment

16 Mar 2021

The Ministry of Commerce, Industry and Investment Promotion (MoCIIP) signed a cooperation programme with the Consumer Protection Authority (CPA) on Tuesday. 

The agreement aims at developing investment in the sultanate and also ensuring the ample availability of the main commodities and products in local markets, besides their quality and price stability. It also aims  at exchanging experiences in dealing with the approved standard specifications, inspection procedures and the mechanism used to ensure the safety of products in the market. 

The cooperation programme was signed by H E Dr Saleh bin Said bin Salim Masan, Undersecretary for Commerce and Industry in MoCIIP, and Salim bin Ali bin Salim al Hakmani, chairman of CPA, in the presence of a number of officials from both sides. 

“The programme aims to develop the services provided through the Invest Easy portal and emphasise the complementary and joint work between government institutions and units in an effort to facilitate investors and to create an attractive investment environment,” said H E Dr Masan. 

“The cooperation programme came at the initiative of the authority keeping in mind the importance of integration between the authorities, which will positively affect the consumer and the providers alike,” Hakmani said. 

He added, “It will help the authority to disseminate awareness and do work related to intellectual property, and to exchange data, statistics, studies and research on the market.” 

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