Oman OCCI explore bilateral trade cooperation with Czech Republic

By Arya M Nair, Intern Reporter
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Oman Chamber of Commerce and Industry (OCCI) has received a business delegation from the Czech Republic to discuss the means of enhancing trade between the two countries.

The delegation from the Czech Republic, headed by Dr. Petr Mixa, Deputy Director-General of the Czech Geological Survey (CGS) were welcomed by Eng. Ridha Juma Al Saleh, Chairman of OCCI.

The meeting also reviewed fields of cooperation and partnership in the investment sectors, such as the mining sector, as well as exchanging expertise and knowledge transfer in line with Oman Vision 2040.

Eng.  Al Saleh explained that the meeting came to strengthen relations and deepen their horizons to serve the interests of the two countries, besides promoting trade and investment relations and that it aimed to accelerate signing commercial partnerships and qualitative investments to serve the economic sectors.

According to estimates, the volume of trade exchange between the two countries in 2021 reached more than $17.2 million, while the volume of imports amounted to more than $2 million. Medicines and medical solutions are the most important exports from Oman to the Czech Republic, while Oman imports cars and machinery parts.

On the sidelines of the visit, B2B meetings were held between the Omani business persons and their Czech counterparts. These meetings aim to exchange experiences and commercial opportunities, as well as encourage business owners to establish commercial partnerships that enhance trade exchange between the two countries.

Recently, OCCI explored opportunities available in trade and investment between Sri Lanka to establish business links between the private sectors of the two countries.

Related: Oman and India strengthen long-standing bilateral ties in growth sectors