Oman's Minister Qais bin Mohammad Al Yousef Praises India's Economic Growth and Discusses Future Collaborations
Oman's Minister Praises India's Economic Growth
In Muscat, Oman's Minister of Commerce, Industry, and Investment Promotion, Qais bin Mohammad Al Yousef, praised India's economic growth over the past two decades. He congratulated India's leadership and people for their hard work in achieving impressive growth, especially in digital transformation, science, and technology.
Comprehensive Economic Partnership Agreement
The minister discussed the ongoing negotiations of the Comprehensive Economic Partnership Agreement between India and Oman. He mentioned that several rounds have taken place, with more discussions planned.
G20 Participation
Al Yousef expressed appreciation for India's invitation to Oman as a guest country at the G20. He highlighted the active participation of Omani government agencies and the significance of discussions on the Comprehensive Economic Partnership Agreement during the G20 meetings.
India-Middle East-Europe Economic Corridor
The minister welcomed projects that ease business and trade, emphasizing the importance of shipping and logistics in connectivity and business costs.
Joint Commission Meeting
A joint commission meeting between India and Oman is planned for January to discuss progress on various aspects. Al Yousef noted significant interest from Indian investors in Oman, with many planning for future opportunities, making India a top country interested in investing in Oman.
Doubts Revealed
Oman
Oman is a country located in the Middle East, on the southeastern coast of the Arabian Peninsula. It is known for its rich history and beautiful landscapes.
Minister Qais bin Mohammad Al Yousef
Qais bin Mohammad Al Yousef is the Minister of Commerce for Oman. He is responsible for overseeing trade and business activities in the country.
India's Economic Growth
India's economic growth refers to the increase in the country's production of goods and services over time. It means that India is becoming richer and more developed.
Comprehensive Economic Partnership Agreement
A Comprehensive Economic Partnership Agreement is a type of trade agreement that aims to make it easier for countries to do business with each other by reducing trade barriers like taxes and import duties.
G20
The G20 is a group of 20 major economies in the world, including countries like India, the USA, and China. They meet to discuss and promote international financial stability.
India-Middle East-Europe economic corridor
The India-Middle East-Europe economic corridor is a proposed trade route that aims to connect India with countries in the Middle East and Europe, making it easier to transport goods and services.
Joint commission meeting
A joint commission meeting is a gathering where representatives from two or more countries come together to discuss and plan collaborations and partnerships in various fields.
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