Trade talks between India and Oman began in New Delhi on Monday (4 December). The?
Trade talks between India and Oman began in New Delhi on Monday (4 December). The talks between the two countries were the latest of several discussions on trade between India and Arab countries. In the past few months, India concluded agreements after talks with Arab countries including Sudan, Egypt, Kuwait, Algeria and Abu Dhabi, one of the states bordering Oman. Under the agreement with Abu Dhabi, India will export consumer goods in exchange for Arabian oil.
The principal export product of Oman is also oil. But recently, Oman's government has been attempting to increase exports of other products. Apart from oil, there is already limited exports of other goods to India. These include dates, the production of which Oman's economic planners hope to increase.
The talks between India's Minister for Foreign Trade L.N. Mishra, and Oman's Communications Minister Abd-Al Hafiz Salim Rajab, were expected to last about a week.
SYNOPSIS: Trade talks between Oman and India opened in New Delhi on Monday. The discussions are the latest of several in recent months between India and Arab countries. Last week, India concluded a trade agreement with Oman's neighbour, Abu Dhabi. The talks began at New Delhi's Secretariat building, between Indian Foreign Trade Minister L.N. Mishra, and Oman's Minister for Communications, Abd-Al-Hafiz Salim Rajab.
The talks, aimed at increasing trade in both directions between the countries, were expected to last about a week. The agreement between India and Abu Dhabi involved the exchange of oil for consumer products. Similar to Abu Dhabi, Oman's main export product to India is expected to be oil. However, there were already limited imports of other products from Oman to India - such as dates - and it is these products Oman has been trying to export in larger amounts.