Oman Chamber of Commerce and Industry (OCCI) signed a memorandum of understanding (MoU) with Sarajevo Chamber of Commerce in Bosnia and Herzegovina.
The MoU signed to boost investment and trade opportunities and facilitate investor procedures in the two friendly countries on the sidelines of a joint meeting between Omani businessmen and their Bosnian counterparts.
The MoU was signed by Ahmed bin Abdul Karim Al Hooti, Board member of OCCI, Head of the Omani trade delegation that visited the Republic of Bosnia and Herzegovina and by the President of the Sarajevo Chamber of Commerce.
This is the first memorandum signed between the two chambers. It is hoped that it would promote trade relations between the Sultanate and Bosnia and Herzegovina and encourage direct communication between Omani businessmen and their Bosnian counterparts in various economic sectors.
The MoU will encourage the two sides to exchange expertise in trade fields, organise exhibitions and joint meetings of businessmen and visits of trade delegations between the two countries in order to enhance experience, expertise and cooperation.
The Omani trade delegation, which visited the Bosnian capital Sarajevo, conducted several bilateral meetings with the Bosnian businessmen, during which a number of agreements were signed in the fields of tourism, food, petroleum products, furniture, catering, real estate development, clothing and carpets.
The Omani trade delegation also visited a number of commercial factories in the Republic of Bosnia and Herzegovina operating in the fields of confectionery, food, furniture and interior design. They also viewed various products of these factories and listened to a detailed explanation of the production and development stages of these factories, Times of Oman reports.
