Iran’s trade with Oman is expected to increase by nearly 50% in value terms in the calendar year to late March 2023, says a businessman watching over trade between the two countries, amid efforts by the two neighbors to deepen their economic ties.
The value of Iranian exports to Oman increased by 126 percent in the first two months of the current Iranian calendar year (March 21-May 21) as compared to the same two months last year, IRIB reported.
Director-General of Transit and International Transportation Affairs Bureau of Iran Road Maintenance and Transportation Organization (RMTO) says a meeting will be held with the presence of Ashgabat Treaty members states like Oman, Iran, Turkmenistan and Uzbekistan and since these countries are TIR Carnet Convention members, it will be possible for the crossing of Iranian and Omani trucks in those countries and all of these issues will be discussed in the meeting.
President Ebrahim Raisi arrived in Oman on Monday for a one-day visit to meet Omani sultan and senior officials to expand relations.
Head of Iran Trade Promotion Organization (TPO) Alireza Peyman-Pak and Omani Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef met on Saturday to discuss ways of expanding economic ties between the two countries.
Iranian Ambassador to Oman Ali Najafi has said the value of trade between the two countries increased by 40 percent in the first 10 months of the current Iranian calendar year (March 21, 2021-January 20, 2022) compared to the same period in the previous year.
Senior diplomats from Iran and Oman held the eighth round of strategic consolations in the framework of a joint committee between the two countries in Tehran on Sunday.
Head of Wire and Cable Manufacturers Technical Committee of Iran Electrical Industry Syndicate blames political issues for the halt in electricity export to Iraq and said in the project in Iraq they were forced to get their money in Iraq national currency dinar instead of international currencies due to sanctions.
Chairman of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) says Oman’s government is assessing the admission of Iranian ships in its ports and its approval can have positive effect for easing economic exchanges between Iran and Oman and for using the advantages of free trade zones of the two countries for bilateral trade.
Iran’s Embassy in the UK has reacted to Western press reports on alleged incidents involving a number of ships off the coast of the United Arab Emirates in the Gulf of Oman, saying there were no new incidents in the region.