Oman, Sri Lanka sign MoU to boost bilateral trade

MUSCAT — Oman and Sri Lanka have signed a memorandum of understanding (MoU) to encourage bilateral trade and investment cooperation.

By Our Correspondent

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Published: Fri 7 Sep 2007, 10:25 AM

Last updated: Sat 4 Apr 2015, 11:34 PM

The agreement, inked here on Wednesday after discussions between President of the Oman Chamber of Commerce and Industry (OCCI) Khalil bin Abdullah al Khunji and a visiting Sri Lankan trade delegation, also seeks to enhance ties between businessmen in the two countries, exchange of expertise and participation in exhibitions in each other's country.

During their discussions, the two sides also explored how Oman could benefit from Lanka's experiences in the fields of education, accounting and IT.

Also on Wednesday, OCCI hosted a seminar on investment opportunities in Hong Kong, organised in association with the Hong Kong Trade Development Council.

Mohammed bin Nasser Al Shiraiqi, Director-general of OCCI, underlined the incentives, opportunities and facilities offered by Hong Kong for businessmen and the possibilities for partnership between the Omani and Chinese private sectors.

Three working papers, presented during the seminar, focused the latest developments in the Chinese economy, particularly in Hong Kong's trade and investment sector, incentives offered to attract investments in the financial and banking sector and freedom of capital movement.

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