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Oman, Turkey sign pact to boost mutual trade

5 Nov 2022

Ankara, Turkey – Oman and Turkey signed a cooperation protocol, which is set to increase mutual trade and ties in various fields, on Thursday.

Nureddin Nebati, Turkish Treasury and Finance Minister, tweeted that the protocol was signed following the 11th Turkey-Oman Joint Economic Commission (JEC) meeting as the Turkish minister hosted H E Qais Mohammed al Yousef, Minister of Commerce, Industry and investment Promotion.

Referring to the agreement, Nebati said, “Considering the need to increase trade volume and mutual investments between the two countries, we agreed to strengthen bilateral relations by increasing cooperation in many fields from education to agriculture, industry and tourism.”

The sectors which the two countries aim to develop cooperation in include finance, energy, construction, science and technology, industry, standardisation, transportation, education, health, environment, agriculture and forestry, as well as tourism and culture.

Addressing the meeting, Nebati also emphasised the significance of holding JEC meetings on a regular basis and meticulously following the results.

“I hope all this agreement contributes greatly to the relations between our countries,” he said.

H E Yousef, on his part, said during the meeting that Oman is ready and looks forward to the continuation of bilateral economic cooperation by increasing momentum of trade activities.

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