Iran-Oman trade could be boosted to $5b

Iran-Oman trade could be boosted to $5b
Tehran Times
TEHRAN – Head of Iran-Oman Joint Chamber of Commerce said the two countries have the potential to raise their trade level to $5 billion per year.
“Given the favorable conditions for diversifying Iranian exports to Oman and the existing infrastructure for re-export in Oman, there is a capacity to increase the volume of trade between the two sides to five billion dollars,” Mohsen Zarabi told IRNA on Saturday.
Referring to the good political and economic relations between the two countries, Zarabi said: "Eight years ago, when the Iran-Oman Joint Chamber was established, the volume of trade between the two countries was only $221 million due to the lack of necessary infrastructure."

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