RIYADH, Dec 7 (KUNA) -- Omani Minister of Commerce, Industry and Investment Promotion Qais Al-Yousef inked Tuesday with Saudi Minister of Commerce and Minister of Media Majid Al-Qasabi two Memorandums of Understanding (MoU) between their two respective nations relating to fields of commerce and standardization.
Oman News Agency mentioned in statement that MoU relating to commercial activities stressed on exchanging expertise, protecting national products, developing e-commerce and regulation mechanisms, and marketing research.
As for MoU relating to standardization, it affirms the exchange of data and studies as well as collaboration in fields of specifications and quality, additionally, it encourages holding training courses.
Minister Al-Qasabi affirmed that the memorandums seek to bolster commercial exchange between two nations, support businesses and provide exposure to investment opportunities.
On his part, Omani official from Ministry of Commerce, Industry and Investment Promotion Mubarak Al-Dohani stated that that memorandum encourages joint economic activities and bolsters commercial exchange.
Moreover, Omani official Emad Al-Shakaily stated that MoU relating to standardization aims to guarantee quality of imported goods and boost efficiency of Omani products as well as ensure the safety of the consumer.
The signing came under the framework of Saudi Crown Prince Mohammad bin Salman official visit to Oman.(end)