News ID: 194868
Published: 0243 GMT June 16, 2017

Minister: Iran, Oman eying $2b trade exchanges

Minister: Iran, Oman eying $2b trade exchanges

Omani Minister of Trade and Industries Masoud al-Sunaidy underlined the need to bolster trade ties between Tehran and Muscat to $2 billion by the end of the current year.

Al-Sunaidy made the remarks in a meeting with Iran's Ambassador to Oman Mohammadreza Nouri Shahroudi in Muscat, Fars News Agency reported.

He said that economic exchanges between the two countries has reached $1.2 billion, and hoped that the figure would hit $2 billion by the end of the year.

"Given the good ties between Iran and Oman, Masqat is determined to further promote commercial, economic and political relations," al-Sunaidy said.

A short sea distance between Iran and Oman provides a suitable opportunity for enhancing ties in all fields, he noted.

Both sides expressed pleasure over the high level of political ties, underlining the need for bolstering commercial exchanges.

They also highlighted the need for issuing visas for commerce activists, developing infrastructure, strengthening transportation fleet and promoting financial and banking relations.

Nouri Shahroudi had also held talks with Chairman of Oman's State Council Yahya bin Mahfoudh al-Mantheri on Wednesday to discuss ways to broaden bilateral ties.

During the meeting in Muscat, Nouri Shahroudi and al-Mantheri reviewed ways to expand parliamentary relations between the two countries' parliaments.

The two sides stressed that the long-standing relations between Iran and Oman are an indication of wisdom and prudence of the two countries' senior officials.

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