MEHR: The head of the Trade Promotion Organization of Iran (TPOI) said that a Preferential Trade Agreement (PTA) will be signed between Iran and Oman in the near future to spur trade and economic activities.
Speaking in an expert-level meeting of the 20th Iran-Oman Joint Economic Cooperation Commission, Mehdi Zeyghami expressed hope that the meeting will pave the way for the two countries to further expand bilateral trade and economic relations.
The deputy industry minister pointed to his recent visit to the Sultanate of Oman accompanying Minister of Industry, Mine and Trade Abbas Aliabadi and hoped that visits by trade and economic delegations of the two countries will lead to further expansion of bilateral trade relations.
Zeyghami put the value of trade exchanges between Iran and Oman in 2022 at $1.8 billion and said the bilateral trade is expected to increase by the yearend.
Iran attaches great importance to its relation with the Persian Gulf littoral states, especially Oman, the TPOI chief stated, adding that officials of the two countries pursue cooperation in the fields of trade, economy, investment, mineral, standard, finance, banking, agriculture, fisheries, stockbreeding, transport, oil gas, petrochemical, energy, tourism, cultural heritage, healthcare, etc. in the joint economic cooperation commission.
Iran and Oman will start negotiations for signing and sealing a Preferential Trade Agreement (PTA) in the near future, the deputy industry minister added.
The Iran-Oman Joint Economic Cooperation Commission meeting will be held in Tehran on Wednesday.