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.
Iran, Oman determined to boost trade ties msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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.