Saudi Arabia and the Sultanate of Oman on Tuesday signed five memoranda of understanding in the commercial and media fields.
This came on the sidelines of the visit of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, Deputy Prime Minister and Minister of Defense, to Muscat.
Two of the signed agreements aim to strengthen cooperation between the two countries in the areas of trade, standardization, specifications, quality and laboratories. The agreements were signed by Saudi Minister of Commerce, Dr Majid Abdullah Al-Qasabi and Omani Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al-Yousef.
The memorandum of understanding in the trade field stipulates the exchange of expertise to improve the competitiveness of national industries, ensure the protection of national production against harmful practices in international trade, encourage the holding of joint economic and commercial activities. to increase the level of trade in intra and international trade, as well as the means to develop it and study export markets and opportunities.
In addition, the MoU in the field of standardization provides for the exchange of information, data and studies in various fields of standardization, scientific research, cooperation in the fields of specifications, quality and laboratories, as agreed between the two parties, the encouragement of the launching of training courses, the exchange of research and expertise, cooperate in the protection of consumer safety, and ensure the importance of the application of the questions of standards by both countries. It also provides for cooperation in the areas of verification of standards and mutual accreditation between the two countries.
In addition, the two countries signed three agreements in the fields of media related to strengthening cooperation in the fields of visual, audio and print media, production of media content and film industry, exchange of ‘media studies and research, and the exchange of relevant information and technology.
The three agreements were signed by Al-Qasabi and the Omani Minister of Information, Dr Abdullah bin Nasser Al-Harrasi.