Baku, Azerbaijan, Aug. 25
By Elnur Baghishov – Trend:
Iran's annual exports to Oman make up approximately $728 million, while Oman's annual imports make up $28 billion, the Iranian chairman of Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi told Tasnim News Agency, Trend reports.
According to him, in order to increase its exports to Oman, Iran should examine which products Oman imports annually.
“The other issue is that there are very good markets in the region, but due to the existence of problems in relations, Iran cannot access to these markets. Oman could be a good choice for exporting Iranian products to these countries,” he said.
Zarrabi also said that Iran cannot obtain Usance LC (a letter of credit payable at a predetermined date) and export its products to African countries in the long run because of the sanctions imposed on Iranian banks. However, Iran may acquire Usance LC via Omani companies and export its products through Oman to African countries.