ISDS Case Map
Oman
Iran and Oman are determined to increase the volume of trade relations and have started negotiations to sign a preferential trade agreement in the near future.
The investment agreement with Oman secures new access for Iranian firms to invest in the Arab country while managers and specialists from Iranian companies will be able to work in Omani subsidiaries for several years without restrictions.
The Iranian economy minister met with visiting Omani commerce minister in Tehran during which they announced their agreement on signing a PTA and joint investment agreement.
A Free Trade Agreement between the Sultanate of Oman and Britain is likely to be entered into by both parties and discussions are currently under way for a region-wide FTA.
The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA).
Oman's trade minister visit comes amid reports Oman has been keen on an FTA between India and the members of the Gulf Cooperation Council (GCC).
Iran’s minister of trade says the government will pursue an agreement with Oman to allow preferential trade with the Arab country to start in the near future.
Oman is keen to support the ambitions of British investors looking to inject capital in the country in sectors as varied as clean energy, mining, manufacturing, logistics, tourism and fisheries.
India is looking to sign a free trade agreement (FTA) with Oman along with a number of other countries, the country’s Commerce and Industry minister said.
Pakistan will pursue individual trade deals with Saudi Arabia, the United Arab Emirates and Oman, a Pakistani official said on Sunday, as talks with the Gulf Cooperation Council remain stalled.
