Tehran, Muscat Bolster Ties by Signing 3 MoUs
IRAN NEWS ECONOMIC DESK
Iran and Oman will increase joint efforts in areas of maritime transportation, standard, and sports, as the two countries signed three Memoranda of Understanding (MoUs) on Saturday in Tehran.
During the meeting of the 18th Joint Commission of Iran and Oman at the venue of the Permanent Fairground of Iran’s International Exhibitions, representatives from the two countries signed three MoUs to boost cooperation in areas of maritime transportation, standard, and sports.
The meeting was co-chaired by Iranian Minister of Industry, Mine and Trade Reza Rahmani and Omani Minister of Commerce and Industry of Oman Ali bin Masud Al Sunaidi.
Headed by Al Sunaidi, a high-ranking economic delegation from Oman is visiting Iran to discuss expansion of ties.
The Head of Iran Trade Promotion Organization Hamid Zadboum said on Saturday that trade, investment, industry, chambers of commerce, free zones, the environment, electricity and gas are some common areas of cooperation between Iran and Oman.
According to Head of Iran-Oman Joint Economic Committee, Iran’s exports to Oman reached $728 million this year, while the two countries’ trade turnover hit $1.16 billion, indicating a 5.3 percent increase in trade between the two countries in about five years.
Meanwhile addressing the meeting, Rahmani said that Iran as member state of North-South Transport Corridor will interlink the Caspian states to the Central Asian nations to boost trade relations between Caspian Sea littoral states in north and the Central Asian countries in south.
North–South Transport Corridor is a sea, rail, and road route expected to facilitate and boost exchange of goods between India, Russia, Iran, Europe and the Central Asian states.
At the commission meeting, Rahmani expressed hope that this economic event would be taken as an opportunity for reviewing new capacities for maximum development of bilateral cooperation.
About the presence of the Omani delegation in Tehran, Rahmani said the Omani delegation is one of the top-ranking delegations including the private sector coming to Iran over the past several years.
The minister hoped the Iranian private sectors would hold fruitful talks with the Omani businesspersons.
Rahmani reiterated that Iran attaches great importance to seriously develop relations with the neighboring and Islamic countries according to the guidelines of the Supreme Leader and the president.
Iranian minister believes that the two countries enjoy great agricultural and industrial capacities that can be used for further regional cooperation.
He also said that Iran and Oman want to increase their trade volume to $5b and they need a roadmap for boosting bilateral economic cooperation. He reiterated that there is no hurdle in way of expanding ties between both countries.
