Muscat: The Omani-Iranian Business Council held a video conference today to explore ways of strengthening trade ties between Oman and Iran. The meeting, chaired by Mohammed Abdul Hussein Baqer of Oman and Jamal Razeqi of Iran, focused on developing new opportunities for economic collaboration.
The main topic discussed was the launch of a joint electronic platform between Oman and Iran. This platform is expected to be launched soon and will streamline business operations between the two countries. The platform will facilitate smoother communication and offer innovative solutions to accelerate business procedures. Both sides agreed that this platform would significantly ease the flow of commercial activities.
In addition, the Omani-Iranian Business Council discussed how to support Iranian companies in Oman. They considered allocating spaces for Iranian businesses specializing in innovation and knowledge-based sectors. Oman’s growing focus on foreign investment makes this collaboration beneficial for both countries. The initiative aims to promote knowledge exchange and foster technological growth between the two nations.
The video conference also highlighted opportunities in key sectors such as pharmaceuticals, health, and food production. Oman and Iran both have strong industries in these areas, and the meeting focused on ways to expand their cooperation. By combining expertise, technology, and resources, the two countries can improve production and create new ventures in these sectors.
Another significant topic was the establishment of a direct shipping line between Oman and Iran. This direct route would reduce transportation time and costs, making it easier to trade goods between the two nations. A direct shipping line would also improve logistics, boosting trade in various industries and supporting economic growth in both countries.
The Omani-Iranian Business Council also emphasized the need for economic diversification in both countries. Oman aims to reduce its dependency on oil revenues, focusing on sectors like technology, tourism, and manufacturing. Similarly, Iran is working to grow industries such as knowledge-based businesses. Strengthening trade relations through the council will help both countries diversify their economies and create more opportunities for businesses.
In conclusion, the Omani-Iranian Business Council’s video conference highlighted the importance of economic collaboration between Oman and Iran. The establishment of the electronic platform and the potential shipping line offer significant advantages to businesses in both countries. These initiatives, along with collaboration in key sectors, will help strengthen trade relations and contribute to the growth of both economies.
