Muscat, The Ministry of Commerce, Industry and Investment Promotion today held a joint meeting with the Saudi Ministry of Commerce. The two sides mulled ways of enhancing commercial relations, while at the same time consulting regional and international experiences in developing bilateral commercial, industrial and investment structures.

The Omani side at the meeting was headed by Qais Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion, and the Saudi side was led by Dr. Majid Abdullah Al Qasabi, Minister of Commerce, Acting Minister of Media. The meeting was attended by undersecretaries and other government officials from both sides.

The two sides also explored methods of overcoming difficulties and augmenting trade exchange between the two countries.

During the meeting, the experiences of the Kingdom of Saudi Arabia in the field of e-commerce was reviewed. They discussed mechanisms for controlling e-commerce action, enabling access to target markets for non-oil exports and investments, addressing obstacles facing trade between the two countries, providing protection for national products from practices deemed harmful to international trade and upgrading private sector contribution to external trade.

The meeting was in pursuance of efforts to consolidate commercial exchange in a sustainable manner, as well as forging new economic partnerships.

Source: Oman News Agency