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Iran’s exports to Oman hit $110mn in four months

29 Aug 2020

Iran exported commodities worth US$110mn to Oman during the first four months of the current Iranian calendar year (March 20 – July 21), the secretary of Iran’s Trade Promotion Organization’s (TPO) desk on trade with Oman announced as reported by Tehran Times.

Soheila Rasoulinejad said that Iran’s exports to Oman during the four months period include construction materials, agricultural products and foodstuffs, as well as gas condensate.

The Tehran Times report said that Iran is replacing some of its previous strategic trading partners such as the UAE with Oman, considering the sultanate as an economic and trade hub. Over the past year, there have been many meetings between trade and economic officials from the state-run and private sectors of the two countries with the aim of strengthening and expanding bilateral trade ties, the report said.

According to the report, Iran-Oman Joint Chamber of Commerce and Iran Mine House (IMH) signed a memorandum of understanding (MoU) on cooperation for the expansion of Iranian private sector’s presence in Oman earlier this month.

The MoU was signed by the head of Iran-Oman Joint Chamber of Commerce Mohsen Zarabi and IMH head Mohammadreza Bahraman. 

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