| Oman, China discuss ways to promote trade ties |
MUSCAT HE Maqbool Bin Ali Bin Sultan, Minister of Commerce and Industry, on Sunday received in his office Zhong Shan, Vice-Minister of Commerce of China and his delegation.
The meeting discussed means of promoting economic and trade relations between the two countries and stressed the importance of raising the inter-trade between the Sultanate and China.
It also discussed the field of promoting the non-oil inter-trade by intensive participation of the private sector in both countries in the trade exhibitions held in the two countries to promote local products.
They also discussed the organising of economic seminars to attract investment and cooperation in the fields of energy, infrastructure, telecommunications and means of reaching the free trade agreement between China and the GCC states during which the agreement will cover products and services.
The meeting was attended by Dr Salim Bin Nassir Al Isma’eli, Chief Executive Officer of the Omani Centre for Investment Promotion and Export Development (Ociped), a number of senior officials at the commerce and industry ministry, the Chinese ambassador to the Sultanate and the delegation accompanying the Chinese official.
HE Sheikh Dr Abdulmalik Bin Abdullah Al Hinai, Undersecretary for Economic Affairs at the National Economy Ministry, received Jong Chan and his delegation.
The meeting reviewed economic, trade and investment ties binding the two countries and means of promoting them, in addition to, discussing the possibility of the Sultanate to benefit from the Chinese experiences in conducting the economic profit study.
The meeting also discussed the entry of Chinese companies to compete in implementing infrastructure projects in Duqm Port and its economic zone besides reviewing features of the future five-year development plan of both sides.
The two sides stressed the importance of reviving negotiations of the Free Trade Zone agreement between the GCC and China.
Oman News Agency
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