Meeting
Discusses Means of Boosting Commercial, Industrial Cooperation Between Oman and
Türkiye

Muscat,
23 Oct (ONA) — Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and
Investment Promotion, met at Al Bustan Palace Hotel today with Omer Bolat,
Minister of Trade and Mehmet Fatih Kacır, Minister of Industry and
Technology.

The
meeting took place on the sidelines of the current state visit of President
Recep Tayyip Erdoğan of the Republic of Türkiye to the Sultanate of Oman.

The
two sides discussed ways to boost trade exchange between the two countries,
emphasized the importance of activating joint economic channels, and advancing
negotiations for the Free Trade Agreement between the GCC states and the
Republic of Türkiye. This aims to eliminate non-tariff barriers and facilitate
the movement of goods, services and investments.

The
meeting also explored opportunities for industrial cooperation in the fields of
mining, renewable energy, and electric vehicle manufacturing, alongside the
possibility of establishing Turkish factories in the economic zones of the
Sultanate of Oman. This would leverage the logistical advantages and investment
incentives provided by Oman to local and international investors.

Discussions
also addressed potential cooperation in pharmaceutical and technological
industries, enhancing partnerships in research and development, and vocational
training. Additionally, the meeting reviewed a proposal to establish a direct
maritime shipping route between the ports of the two countries to facilitate
trade and re-export activities.

The
two sides emphasized the importance of joint coordination between relevant
authorities in both countries, increasing the organization of joint trade and
investment forums, and exchanging expertise across various fields. These
efforts aim to boost economic relations and support sustainable development in
both nations.

The
meeting was attended by Pankaj Khimji, Advisor for Foreign Trade and
International Cooperation and Chairman of Oman Centre for Strategic
Partnerships and Foreign Trade at the Ministry of Commerce, Industry and
Investment Promotion, along with several officials from both sides.

—
Ends/AH