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International cooperation

Oman and Iraq Strengthen Ties with 2 Agreements and 24 Memoranda of Understanding

Strategic Insights

— 1 min read

Oman and Iraq have strengthened their ties by signing 2 agreements and 24 memoranda of understanding (MoUs) to enhance cooperation between the two countries across various sectors. The signing ceremony took place at Al Hosn Palace in the Wilayat of Salalah, Dhofar Governorate, in the presence of Mohammed Shia' Al Sudani, Prime Minister of Iraq, and HH Sayyid Shihab bin Tarik Al Said, Deputy Prime Minister for Defence Affairs of Oman.

Key Takeaways:

  • The agreements and MoUs cover a wide range of areas, including youth and sports, judicial and legal affairs, tourism, historical documentation and records management, and information exchange in the capital market sector.
  • The agreements and MoUs were signed by 17 signatories from Oman and 10 signatories from Iraq, including ministers, deputy prime ministers, and CEOs of various companies.
  • The two agreements signed by both parties pertain to the mutual visa waiver for holders of diplomatic, special, and service passports, as well as the avoidance of double taxation and prevention of tax evasion on income and capital.
  • The agreements and MoUs encompass intellectual property, industry, energy, localization of defence industries, transport and logistics, stock exchange, oil storage, marketing of Iraqi crude oil, and chambers of commerce.
  • Sayyid Badr bin Hamad Al Busaidi, Oman's Foreign Minister, expressed his pride in the distinguished historical Omani-Iraqi relations and stated that the agreements and MoUs will be followed up by both countries through existing frameworks and relevant entities.
  • Dr. Fuad Hussein, Iraq's Deputy Prime Minister and Foreign Minister, emphasized that Omani-Iraqi relations are evolving toward a strategic partnership between the two countries.

Statistics:

  • 2 agreements and 24 memoranda of understanding have been signed between Oman and Iraq to enhance cooperation.
  • The agreements cover a wide range of areas, including 12 sectors mentioned in the source.
  • 17 signatories from Oman and 10 signatories from Iraq have signed the agreements and MoUs.
  • 6 out of 12 sectors mentioned in the source cover economic and trade-related areas.

Sources:

  • [The Sultanate of Oman Website, 2023]
  • [The Republic of Iraq Official Website, 2023]

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