Direct Shipping Line  Planned With Oman
Economy, Domestic Economy

Direct Shipping Line Planned With Oman

Talks are underway between the Iranian and Omani delegates for launching a direct shipping line between the two countries; IRNA reported, citing the Muscat-based daily Al-Zaman.
“Iran will take all the necessary measures to facilitate trade activities between the two countries and boost the level of investments by both Iranian and Omani businessmen,” said the Chairman of Iran-Oman Chamber of Commerce, Mohsen Zarrabi in a meeting with his Omani counterpart.
Chairman of Oman Chamber of Commerce and Industry, Saleh Al-Kiomi, for his part, said the launch of a direct shipping line would help increase the level of trade exchange between the two countries and provide an effective means for "re-exporting Iranian goods to other countries.”
He further said that "Oman is ready to grant 3-month visas to Iranian businessmen," to facilitate trade activities with Iran.  
Experts are already predicting that following the launch of the new shipping service, Oman will become a hub for re-exporting Iranian goods to other countries in the region, hence replacing the UAE as Iran's second largest trade partner after China.
Earlier this month, Zarrabi told IRNA that launching a direct shipping line was high on the Iranian and Omani governments' agenda, announcing that maritime trade between Oman’s Sohar port and Iran’s Bandar Abbas port will begin by March.
In October 2014, Iran and Oman signed six memoranda of understanding (MoU's) to boost commercial ties. Oman was the 21st importer of Iranian non-oil goods in the previous Iranian year, which ended March 20, 2014, according to data provided by the Islamic Republic of Iran Customs Administration (IRICA). Iran exported $145.8 million of non-oil goods to Oman last year and imported $441.7 million of non-oil goods from the Arab country.
The National Ferries Company of Oman is also planning to connect the port of Khasab in the Musandam Governorate of Oman with the Iranian ports by establishing a fast ferry service. The plan got a boost as the foreign ministers of Oman, Iran, Turkmenistan and Uzbekistan signed an MoU for the establishment of the International Transport and Transit Corridor among the state parties (known as the Ashgabat Agreement) in Muscat in August 2014.
Yousuf bin Alawi bin Abdullah, Oman’s minister of foreign affairs announced after the meeting that signatories to the agreement are "looking forward to ensure that the international corridor becomes operational by 2015."


Short URL : http://goo.gl/0zJs3X

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...
S. Korea Bans Recalled BMWs Over Fire Fears
The South Korean government has said it will ban about 20,000...