Oman, Iran talk to boost trade
H E Sunaidy attends joint economic committee meeting in Tehran
Iran-Oman trade has the potential to touch US$5bn from the current US$1bn, Reza Rahmani, Iranian Industry Minister, has said. Rahmani was talking on the sidelines of the 18th Oman-Iran Joint Economic Committee meeting being held in Tehran.
Oman’s delegation is being led by H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry.
H E Dr Sunaidy met Eshaq Jahangiri, Iran’s First Vice President and Abdolnasser Hemmati, Governor, Central Bank of Iran. During his meeting with H E Dr Sunaidy, Jahangiri on Sunday, said that Tehran and Muscat have many areas for cooperation.
Hemmati said that the ease of financial transactions between Iran and Oman will be key to the development of economic relations, IRNA, the official news agency of Iran reported.
During the meeting, which took place on the sidelines of 18th Oman-Iran Joint Economic Committee meeting, Hemmati said, “In line with increasing trade and tourism interactions between the two countries, development of airlines and shipping lines for goods transport will be pursued in earnest.”
According to Oman News Agency, Oman and Iran also signed a number of memoranda of understanding on the sidelines of the Oman-Iran economic meet held in Tehran, related to mutual recognition of marine certificates, executive programmes for specifications and standards, and cooperation in the sports field.
According to head of IranOman Joint Economic Committee, Iran’s exports to Oman reached US$728mn this year, while the two countries’ trade turnover hit US$1.16bn, indicating a 5.3 per cent increase in trade between the two countries in about five years.
H E Dr Ali al Sunaidy (left) with Eshaq Jahangiri on Sunday