Iran, Oman determined to boost trade ties
Iran shares borders with fifteen countries, namely the United Arab Emirates (UAE), Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, Bahrain, and Saudi Arabia. Expansion of trade with these neighbors, specially increasing non-oil exports to them, is one of the major plans that the Iranian government is now pursuing.
Expansion of trade with these neighbors, specially increasing non-oil exports to them, is one of the major plans that the Iranian government is now pursuing.
Among the mentioned countries, Oman is one that the Islamic Republic has attached priority in this due, as the two neighbors enjoy an old history of good political and economic relations as well as many religious and cultural commonalities.
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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.
Commodities worth $174m exported to Oman in 8 months
Iran has exported products worth $174 million to Oman during the first eight months of the current Iranian calendar year (March 20-November 20, 2020), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).
The IRICA data indicate that steel and related products accounted for over 35 percent of the exports during the mentioned time span.
In January 2020, Iran’s Trade Promotion Organization (TPO) held the first meeting of its Commodity-Country Desk on trade with Oman presided by Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries.
The meeting was aimed at investigating the ways for increasing exports of constructional materials to Oman and removing the barriers related to transporting these materials to the Arab country, and was participated by the related state-run and private sector officials including representatives of some exporting and marine trans