Omani dairy firm Oman National Dairy Products Company (ONDP) has been allowed by the country’s government to pay just 75% of the normal import duty on 56 products it imports for its own production.
Oman’s economy minister, Ahmad bin Abdul-Nabi Mekki, said that the reduced duty decision will continue for five years.
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Among the products included in the ingredients list are milk powder, condensed milk, cocoa, natural juices and jams.
According to the Oman Daily, ONDP recently posted a pre-tax profit of 124,000 Omani rials (US$322,000) for the first nine months of 2001, up from a net loss of 33,000 rials year on year.
