Iran plans to expand trade with Oman

Business Materials 23 May 2022 11:53 (UTC +04:00)
Iran plans to expand trade with Oman

TEHRAN, Iran, May 23. Iran is planning to expand trade ties with Oman, the head of Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi told Trend.

He pointed out that trade and transportation ties are the main topics on Iranian President Ebrahim Raisi's agenda during his upcoming trip to Oman.

Prior to the presidential visit to Muscat, Iran's Deputy Minister of Industry, Mine and Trade has signed an agreement with Omani officials on maritime transportation.

Zarrabi went on to say that the Iran-Oman Joint Chamber of Commerce has suggested several fields of cooperation with Oman including air and maritime transportation, increasing direct flights, facilitating banking ties, opening bank accounts for private sector businesses, and launching a barter system.

He stressed that Iran could re-export its products from Oman and import basic materials and machinery.
The official has indicated that Iran's gas pipeline deal with Oman and installation downstream oil and gas industries will be finalized during Raisi's visit to Muscat.

Iran and Oman's trade has increased 53 percent in the last Iranian year (started March 21, 2021) reaching $1.3 billion.