Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Opinions
"Postings of opinions published in the Gulf and international newspapers
 Print  Send This Page
Save Listen to this Article
The manifold benefits of international trade   

Oman Daily Observer - 29 July, 2012
Author: Mohammed Al Balushi

Economy is one of the main concerns of any country, in the past, present, and future, and the International trade or foreign trade is one of the parts or elements of it. One country can’t survive on its own. Like you can’t sit at your home and survive. If you want to survive you need to give and take, and in the economic language it is called “supply and demand”. What would you do if the air-conditioner of your house is out of order? Obviously, you go out and seek for an electrician to repair it. In such circumstances you must have a good and friendly relationship, because both of you want to survive, economically. The same concept is applied in International trade. International trade is considered as a part of International Relation.
Economically, the importance of Oman is always remembered, and well-appreciated by foreigners. Since ancient time Oman is known as an economic hub as many merchants had met in Oman’s coastal areas, like in Muttrah, Sur and Sohar for the purpose of trade and business. People, especially businessmen from India, Zanzibar, and Makuran (Gawader) used to meet in those mentioned areas. On the other hand Omani business people used to go to the other countries too, for the same purpose. They all have benefited from each other, by exchanging their products and services. What does this indicate? In the modern economy it is called the International Trade or foreign trade. One of the facts from the history is that Gawader was a part of Oman until 1958. So, is it possible to rebuild the economic relation between Oman and Gawader? It depends upon the economists’ opinions and their determinations.
In my opinion and if it is thought broadly as an economic view point, the trade relation will take many positive angles for the two states. In this relation there will be many opportunities for Omani products and services to be introduced or reintroduced to Gawader and to all people. For example; the fragrances (Bukhor and Lubaan) from Salalah are very famous in Gawader and well liked by the people of that area. Another product of Salalah is the coconut which is well-accepted in Gawader. Of course, the Omani Halwa which is very famous worldwide can also be exported and sold in Gawader’s market, and many more, like (fish, dates, lemon, mango, and banana). The services which can be exported to Gawader can be called “knowledge based economy” as there are many talented Omanis who can sell their knowledge there, especially in the fields of education (teaching of Arabic Language) directly from Arabic to Baluchi language to serve the literature of both, with the Omani literature as special, and practicing in the field of medicine, and geology. One thing should not be forgotten that His Majesty and his government have always supported Gawader financially to be developed.
It has many natural resources like gold, copper, oil, and gas and due to certain reasons these resources had not been well-introduced and exported to the International Market. Oman which has a great historical relation with Makuran and I think those natural resources can be exported to Omani market as raw materials, such as gold, copper, and the mineral resources (coal, chromate, barites, sulphur, marble, iron ore, quartzite, and limestone). Also, there are many talented and skilled people who can contribute in growing Oman’s economy.
According to some writings global trade allows wealthy and rich countries to use their resources — whether labour, technology or funds — more efficiently. Because countries are endowed with different assets and natural resources like land, labour, capital and technology. Some countries may produce the same goods more efficiently and therefore sell it more cheaply than other countries. If a country cannot efficiently produce an item, it can obtain the item by trading with another state that can do it. There are countries which can be taken as examples; Japan has gained its goodwill by exporting and selling its electronic products. India has gained its goodwill by exporting its skilled people’s IT knowledge and skill to foreign countries. Oman recently has gained its goodwill in football, as some football players playing and selling their skills in foreign football clubs. There are many countries which have gained their goodwill in the circle of economy. International Trade doesn’t restrain to import and export materials, but it carries many other things like understanding the culture, and language of other countries, and their literatures. It expands the friendship, co-operation, and respect. However, the economic relation between Oman and Gawader can replay the “pause” and bring opportunities for both nations as there are many similarities between them, like tradition, religion, hospitality, football, peacemaking, literature, and many more. This may open direct doors for further economic relations between countries, like Oman, Gawader, Zanzibar, and India as they were very closer in the past in having business and economic relation, and the same can be seen in future.
 
Ending negative perceptions of Saudis
Source : Arab News  
Date : 2013-05-20
Author : Alaa Alghamdi
It is sadly not really surprising these days to learn that Muslims in western countries are regarded with unwarranted suspicion and treated unfairly by the police, officials or the general...
Let's get to the root of the problem
Source : Arab News  
Date : 2013-05-20
Author : Saad Al-Dosari
The topics of women's rights, protection against domestic violence, abuse and sexual harassment are no longer strangers to the Saudi media....
Is Islamic liberalism the answer?
Source : Arab News  
Date : 2013-05-20
Author : Mohammed Alsaif
It seems that the Liberal / Conservative tug of war is on the rise again over the disputable subject of Saudi liberalism, as a group of young Saudi liberals attempted...
Do not allow sponsors to exploit their expatriate employees
Source : Arab News  
Date : 2013-05-20
Author : Qaisar H. Metawea
It is no secret that the trading of visas has been a lucrative business in Saudi Arabia, whereby many people have obtained tens or hundreds, and sometimes thousands, of visas...
Tehran stifling media ahead of June 14 vote
Source : Arab News  
Date : 2013-05-20
Author : Mohammad Davari
Iran is tightening control of the Internet ahead of next month's presidential election, mindful of violent street protests that social networkers inspired last time around over claims of fraud, users...
A changing balance of power
Source : Arab News  
Date : 2013-05-20
Author : Hassan Barari
Unlike the hesitant West, Russia has been providing Assad's regime with advanced and lethal weapons that are poised to change the balance of power among the warring parties in Syria....
More investment in health sector needed
Source : Saudi Gazette  
Date : 2013-05-19
Author : Abed Khazindar
I do not know where the Kingdom ranks internationally in the domain of health investment but I believe that we are among the low-ranking countries in this field....
3 factors set to rescue Iran nuclear talks
Source : Asharq Al-Awsat  
Date : 2013-05-19
Author : Seyed Hossein Mousavian
The west is eagerly awaiting the results of the upcoming June presidential elections in Iran to determine whom they will be working with in Tehran for the foreseeable future....
The Iraqization of Syria
Source : Al Hayat  
Date : 2013-05-19
Author : Yousef Al-Dayni
The disregard shown by the international community towards Syria, particularly by "mastermind" the US, continues to cast its shadow over the developments in the region....
Waiting for the Final Scene
Source : Asharq Al-Awsat  
Date : 2013-05-19
Author : Hussein Shobokshi
The amount of concern, fear, blood, damage and destruction in Syria seem to be commensurate with the gravity of the problem as well as with the price Syrians have paid...
The Priorities of Russia's Stance on the Syrian Crisis
Source : Al Hayat  
Date : 2013-05-19
Author : Raghida Dergham
However high-ranking an individual might be, or however "full" the powers they might be entrusted with in the process of political transition in Syria, Syrian President Bashar al-Assad will remain...
Geneva is Rejected in Syria ... and Lebanon
Source : Al Hayat  
Date : 2013-05-19
Author : Walid Choucair
Does treating Lebanon's deepening political crisis require Lebanon's attendance at the Geneva 2 Conference, which Russia and the United States are preparing for?...
The Revolution in a Rut
Source : Al Hayat  
Date : 2013-05-19
Author : Husam Itani
In less than a week, the media outlets and social communication websites became flooded with footage showing armed men, who say they belong to the armed Syrian opposition, committing what...
Rafsanjani bid for Iran's presidency elicits hope
Source : Arab News  
Date : 2013-05-19
Author : Ali Buluwi
Persians are known for their patience, a quality that has rigorously been cultivated through the centuries-old art of rug making. Not only does rug making demand patience but also unconsciously...
US war on terror will not last forever
Source : Arab News  
Date : 2013-05-19
Author : Harold Hongju Koh
From both the left and the right, three common misperceptions have emerged about US foreign policy: First, that the global war on terror has become a perpetual state of affairs;...
Total 200 Results in 14 Pages
  4 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.ae
Thu May 23, 2013| 13-رجب-1434هـ
Salman, Erdogan discuss Mideast
IDB increases its capital from $ 45 bn to $ 150 bn
Iran speeds up installation of nuclear equipment: IAEA
UAE adds power to mobile broadband
Kerry warns Syria's Assad against rejecting political solution
Iraq aims to boost oil output
Saudi Foreign Minister says Iran indulging in deception
Slow progress of projects puts Kuwait stock boom at risk
Iraqi PM orders army shake-up after attacks
New GCC tobacco tax could fuel growth of illicit trade
Bahrain spots Iranian drone in its airspace
SAMA considers regulating mortgage rates
Ahmadinejad to fight ally's poll ban
Arabtec workers end strike
Kuwaiti speaker insists no political crisis
Qatar bourse back on positive trajectory
    Newspaper Editorials
All for the youth
A worrying progress
More>>  
    Opinions
Ghosts of Iraq
Saudi-Turkey rapport bodes well for global influence
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    Reports
US Goals and Strategies toward the Arab World
More>>  
    Bank Reports
GCC Central Banks Digest - March 2013 - Update
Saudi Chartbook - May 2013
More>>  
    GRC Analysis
Building a Strong Saudi-Japan Relationship
Poor Gulf: Inequality and the Lack of Statistics
Whither GCC-US Relations?
    GRC Commentary
On Relations between Rulers and Citizens: The Need for a New Social/Political Contract in the GCC States
Key Issue Facing the Saudi Ruling House.
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Asia-Gulf Economic Relations in the 21st Century: The Local to Global Transformation
Assessment of the Security Situation in Iran, Iraq, Yemen, Syria and the Arab Gulf States
China in the Eyes of the Saudi Media
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   50-- 50 Middle Page :0  --   | Right : 50 - 50--en--sess-enreq-en-coming