Good Grounds for Exports to US via Oman: Iranian Official
Head of Iran-Oman Joint Chamber of Commerce highlighted the suitable opportunities available in the Arab country for exporting Iranian goods to the US.
Given its free trade agreement (FTA) with the United States, Oman can help the export of Iranian goods to the US without any custom tariffs and taxes, Mohsen Zarrabi said at a meeting of Iran-Oman Joint Chamber of Commerce, held in Tehran on Monday.
He also noted that Oman can serve as a gateway to other Persian Gulf countries and East African states when it comes to the export of Iranian products.
As a free trade zone (FTZ), the Omani port of Sohar appears to be a suitable trade center for Iranian companies in petrochemical, steel, food, oil and gas industries, Zarrabi went on to say.
The US entered into a free trade agreement with Oman in 2009. The FTA spurs investment and trade in goods and services by eliminating most tariff and nontariff barriers, expediting the movement of goods and the provision of services, and strengthening protections for investors, including allowing them to fully own a business without a local partner.