President Samia’s Visit to Oman: Dar-Muscat Trade Imbalance Stands at USD 27 Million
President Samia Suluhu Hassan is on a three-day visit to Oman, where among other things she is to strike new trading cooperation with the Western Asian country.
The value of Tanzania’s exports to the Sultanate of Oman reportedly stands at USD 9.5 Million per year, according to the Oman Daily Observer, in reference to the 2001 figures.
Oman on the other hand, exports to Tanzania goods valued at USD 36 Million, annually.
This means there is a trade imbalance of USD 27 Million, which the President and the Sultan of Oman may work to adjust during the state visit.
The visit by President Samia Suluhu Hassan, to the Sultanate of Oman, among other things, is to see how this trade imbalance and be reworked for the benefit of the two countries.
President Samia Suluhu Hassan landed in Muscat, in the Sultanate of Oman for the three-day official visit.
She was received by her host, His Majesty Sultan Haitham bin Tarik and the two discussed ways of promoting bilateral relations to serve joint interests in all spheres.
The two leaders held talks on boosting bilateral trade at the Al Alam Castle, in Muscat where President Samia attended special reception.
President Samia’s visit to Muscat country coincides with the 10 years anniversary of the establishment of the Omani-Tanzanian Businessmen Council which was hatched back in 2012.
The council contributed to strengthening economic ties between the two countries, followed by the signing of an agreement in March 2013 for mutual protection and encouragement of investments.
Located in Western Asia, the Sultanate of Oman, is mapped within the southeastern coast of the Arabian Peninsula.
The country spans the mouth of the Persian Gulf, sharing land borders with Saudi Arabia, the United Arab Emirates, and Yemen; while sharing maritime borders with Iran and Pakistan.