Oman and Uzbekistan discussed the opportunities and challenges facing trade and investment cooperation between the two countries in an official meeting. This meeting, attended by Anwar bin Hilal Al Jabri, the Minister of Commerce and Industry of Oman, and Liz Qudratov, the Minister of Investment and Industry of Uzbekistan, focused on exploring ways to develop economic and trade relations.
Strengthening Economic Cooperation
During this meeting, both parties emphasized the importance of strengthening economic and trade cooperation and agreed on the necessity of creating industrial partnerships and developing logistics services as a means to increase the exchange of goods and services between the two countries. They also discussed ways to facilitate the entry of Omani and Uzbek products into each other's markets and stressed the importance of enhancing communication between exporters and importers.
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Furthermore, the meeting addressed the preferential trade agreement and technical issues related to customs tariffs and rules of origin. The parties also reviewed the agreement on encouraging and supporting mutual investments and sought to create a more attractive investment environment for investors.
Trade and Industrial Opportunities
In another part of the discussions, opportunities for creating joint projects in the processing industries were examined. The parties emphasized the importance of direct communication between companies and assessing market needs and demand volume to evaluate economic capabilities for successful economic projects.
Additionally, the parties explored ways to strengthen logistical and air connections between Oman and Uzbekistan and emphasized the importance of utilizing Omani ports to facilitate transportation and trade. The continuation of direct flights between Muscat and Tashkent to expand trade and investment activities was also discussed.
At the end of this negotiation, Khamis bin Saif Al Jabri, the Minister of Economy of Oman, reviewed opportunities for developing joint economic cooperation with his Uzbek counterpart and emphasized the need for greater coordination between the two governments to facilitate investments and expand trade cooperation.
Ultimately, the two countries emphasized the importance of moving economic relations to a more practical stage and sought to establish clear priorities for pursuing investment and trade opportunities between the two countries.
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