TEHRAN - Jamal Razaghi Jahromi, the head of the Iran-Oman Joint Chamber of Commerce, spoke to ILNA about the outcomes of the recent visit by the Minister of Industry, Mine, and Trade to Muscat. He stated that despite a strong political relationship between Iran and Oman over the past 70 years, trade between the two countries has not developed in parallel with political ties. Although trade value has grown by 42% to 60% annually over the past three years, the initial trade volume was minimal. The goal of reaching $5 billion in trade with Oman by 2024, as envisioned by the joint chamber, has not been achieved. It is now optimistically estimated that trade between the two countries will reach between $3 billion and $3.5 billion by the end of the year.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said that Iran and Oman will benefit from closer bilateral cooperation, lauding the Raisi administration's policy of improving ties with regional nations.

Secretary of Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones says signing the MoU on cooperation with Oman will lead to job creation and broadening investments in the free zones.

Oman’s Minister of Transport, Communications and Information Technology  Eng. Said Hamound Al Ma’awali received in his office Alireza Peyman-Pak, Deputy Minister for Industry, Mining and Trade of the Islamic Republic of Iran.

The value of trade between Iran and Oman hit a record high in the past Iranian calendar year 1400 (ended on March 20), from its previous year, the head of Iran-Oman Joint Economic Committee announced.

Iran and Oman signed a memorandum of understanding (MOU) for expanding economic cooperation in a variety of areas at the end of the two countries’ 19th Joint Economic Committee meeting.

The Chairman of Iran-Oman Joint Chamber of Commerce said that the two countries of Iran and Oman enjoy high capabilities and potentials which can enhance bilateral trade volume exchange by $5 billion.

Iran’s Ambassador to Oman Ali Najafi Khoshroodi on Sunday said Tehran is willing to boost bilateral relations with Muscat.

In a Wednesday tweet in Arabic, Iranian FM Zarif congratulated his new Omani counterpart Sayyid Badr bin Hamad bin Hamood Al-Busaidi on his appointment.

Omani Parliament Speaker Sheikh Khalid bin Hilal al-Maawali has called for enhanced parliamentary cooperation with Iran.