Oman | Taiwan |
|---|---|
| Diplomatic mission | |
| Taipei Economic and Cultural Office, Muscat, Oman | Sultanate of Oman Commercial Office, Taipei |
Oman–Taiwan relations refers to thebilateral relations betweenOman (formally the Sultanate of Oman) andTaiwan (officially the Republic of China). Oman does not formally recognize Taiwan as a sovereign state, but there are multiple channels of cooperation in trade, education, business, and cultural exchange.
Oman and Taiwan have never established formal diplomatic ties due to its support for the One-China policy. However, contacts between Taiwan and Oman gained momentum in the mid-2010s, as Oman began to diversify its economy and seek partners in non-oil sectors. Taiwan has positioned itself as a provider of expertise in areas Oman seeks to develop (e.g. aquaculture, solar energy, medical care).[citation needed]
A notable event was the signing in June 2015 of a contract byOman’s Capital Market Authority (CMA) with Taiwan’sTaipei Exchange (TPEx), under which TPEx would act as consultant to help Oman design and develop capital market products and services aimed especially at supporting SMEs.[1]
Exhibitions and workshops have also served as venues for showcasing cooperation. Taiwanese delegations have participated in medical expos and trade fairs in Oman, promoting Taiwan’s health-care systems, medical technologies, and medical tourism. For instance, Taiwan participated in the 43rd World Hospital Congress in Muscat in 2019, where its “Smart Medical Care” theme was highlighted.[2]
In 2023, Taiwan’s Vice Foreign MinisterAlexander Yui, attended a National Day reception for Oman in Taipei, noting growth in areas such as trade, investment, tourism, and energy supply. He said bilateral trade volume was US$2.8 billion in 2022, up about 50% from 2021.[3][4]
Oman is Taiwan’s 33rd largest[citation needed] trading partner and one of its major Middle East crude oil suppliers. According to data from the Observatory of Economic Complexity:
There have also been recent business- and investment-oriented exchanges. For example, in September 2023, a seminar between Taiwan and an Oman business delegation covered investment opportunities across sectors including mining, logistics, automotive parts, water purification, halal catering, and trade.[8]