Iran, Oman Sign Agreements on Deepening Economic Ties

Iran and Oman on Thursday signed agreements on further deepening the bilateral cooperation in multiple spheres between the two countries.

Iranian Industry, Mining, and Trade Minister, Fatemi Amin and Oman’s Minister of Commerce, Industry, and Investment, Qais Al Yousef signed a Memorandum of Understanding (MoU) on economic cooperation in Muscat, Iran state media reported.

Leading a high-ranking trade delegation to attend the 19th Iran-Oman Joint Economic Committee meeting, Amin termed the MoU as a significant step in improving further trade relations with Oman.

During the meeting, both officials discussed ways to further easy trade between the two states by using Chabahar port.

Amin also insisted on a preferential trade agreement (PTA) between the two countries in order to accelerate trade activities.

Iranian Foreign Minister Hossein Amir-Abdollahian had earlier visited Oman and met with his counterpart, Sayyid Badr Albusaidi, seeking to upgrade Iran-Oman relations, particularly regarding economic cooperation.

During the visit, Amir-Abdollahian assured Omani officials that Tehran will continue to have a strong trade relation with Oman.

© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.