Iran (IMNA) - Abdol-Amir Rabihavi, the director-general of the TPO’s West Asia Office, highlighted the importance of expanding economic cooperation between the two nations. He noted that during the **20th meeting** of the Iran-Oman Joint Economic Committee last year, it was agreed that preferential trade would be prioritized by both countries' deputy ministers.
In this context, Oman has emerged as Iran's **sixth largest trade partner** among its neighbors during this timeframe. Furthermore, a business forum is scheduled to take place in Muscat and Batinah North on **October 15-16**, aimed at strengthening bilateral trade relations and exploring new investment opportunities. Hesameddin Hallaj, deputy head of Tehran Chamber of Commerce, emphasized that discussions will focus on attracting Omani investors for Iranian projects and expanding Iranian products' market reach in Oman and beyond.
Earlier discussions in July involved Mehdi Zeighami, former head of TPO, meeting with Oman's trade director to explore joint investment opportunities. The initiation of a **Preferential Trade Agreement (PTA)** was also announced, with both sides aiming for a trade volume target of **$5 billion**.
In early September, an Omani business delegation visited Iran’s Imam Khomeini Port to assess commercial opportunities and signed several cooperation agreements. The delegation expressed interest in enhancing economic ties and emphasized the need for increased collaboration between the private sectors of both countries.
The Iranian government has been actively pursuing expanded trade with neighboring countries, with plans for a PTA aimed at fostering economic relations and diversifying traded goods. This initiative aligns with broader goals to enhance monetary cooperation and reduce reliance on the dollar in mutual transactions.
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