Second Oman-US Strategic Dialogue strengthens bilateral cooperation

Muscat – Undersecretary of the US Ministry of Foreign Affairs for Economic Growth, Energy, and Environment, Jose Fernandez, welcomed H.E. Sheikh Khalifa bin Ali bin Issa Al Harthy, Undersecretary for Political Affairs at the Ministry of Foreign Affairs, for discussions on key areas of cooperation.

Building upon the success of the inaugural session held in Muscat in February 2023, the dialogue identified new opportunities for collaboration in priority areas, including trade and investment, clean energy, and education, culture, and science.

A joint statement issued on the occasion, explained that the primary focus of the discussions centered on strengthening trade relations under the free trade agreement between the two nations, which celebrates its fifteenth anniversary this year.

Emphasizing the mutual benefits of the agreement, the parties highlighted the importance of leveraging it to bolster bilateral economic ties and support the goals outlined in Oman Vision 2040. Opportunities for US companies in sectors such as ICT services, semiconductors, and clean energy were explored, with an emphasis on enhancing market access and addressing shared challenges.

The two sides also discussed ways to enhance mutual prosperity, including through the memorandum of understanding signed last year between the US Export-Import Bank and the Omani Ministry of Finance to facilitate the purchase of goods and services for projects in the Sultanate of Oman worth $500 million, as well as through the newly established trade attaché at the Omani embassy in Washington.

The two countries discussed opportunities to cooperate in demonstrating and deploying carbon capture, utilization and storage (CCUS) and carbon dioxide removal technologies, including through technical exchange, investment and trade missions.

Environmental priorities were addressed within the framework of the Omani-American memorandum of understanding on environmental cooperation, with a focus on enhancing scientific research in clean energy through collaboration between Omani and American researchers.

Both nations reaffirmed their commitment to fostering cultural, educational, and scientific exchange, exemplified by the selection of the first Omani candidates for the Fulbright Visiting Professor Program in nearly a decade. Efforts to expand educational and cultural exchange programs, including increasing the number of Omani students studying in the US and vice versa, were highlighted as key priorities.

The United States and Oman pledged to maintain the momentum of bilateral cooperation, with plans to convene the next session of the Strategic Dialogue in 2025.

The post Second Oman-US Strategic Dialogue strengthens bilateral cooperation appeared first on The Arabian Stories News.

Leave a Reply

Your email address will not be published. Required fields are marked *

× Contact us for news, article submissions, and SEO services.