Press Conference Highlights First Oman-US Strategic Dialogue

Muscat: Sheikh Khalifa Ali Al Harthy, Undersecretary of the Foreign Ministry for Diplomatic Affairs asserted that the Sultanate of Oman and the United States of America (USA) enjoy distinguished relations in the political aspect. He added that both sides seek through the strategic dialogue to accord a greater attention to the economic side.

During the press conference held in Muscat today on the sidelines of the 1st Oman-US Strategic Dialogue, Al Harthy pointed out that the dialogue is divided into three main groups namely renewable energy, investment and trade, education and culture. The dialogue, he said, aims thorough the joint working groups to enhance the existing relations between the two countries in many fields particularly the economic areas.

Al Harthy explained that among the major objectives of this strategic dialogue is to maximize the benefit from the free trade agreement (FTA) signed between the two sides in 2009.

Both sides seek through the three committees of the strategic dialogue to identify specific fields and sectors, and then to be raised to the officials concerned of both sides to develop mechanisms for their utilization in the future, he added.

Al Harthy highlighted the renewable energy sector as one of the future pillars for the Omani economy. He hoped through the renewable energy group within the Oman-US Strategic Dialogue to establish joint grounds with the aim of encouraging the US side and companies to invest in the green hydrogen sector in the Sultanate of Oman.

On his turn, Jose W. Fernandez, US Undersecretary of State for Economic Growth, Energy, and the Environment, stressed that the free trade agreement signed between the two sides represents a focal point for supporting trade and economic relations and augmenting the volume of trade exchange between the two countries to a level that meets common aspirations.

He pointed out that the volume of trade exchange between the Sultanate of Oman and the United States has witnessed a remarkable growth over the past years, which is a good indicator in the midst of the many changes the world has witnessed that affected many aspects of life.

He explained that his country seeks, through this strategic dialogue, to deepen bilateral cooperation relations between the two countries, especially in the trade fields. Emphasis is laid on cooperation opportunities in the fields of clean energy and green hydrogen, he added.

He commended the efforts of the Sultanate of Oman in the field of green hydrogen. He pointed out that the United States, through private sector institutions, would like to be a strategic partner of Oman in the field of hydrogen, in a manner that serves the interests of the two friendly countries and peoples.

In this regard, he said: “The energy sector has become the talk of the hour in the whole world, and the shift towards clean energy has become a global trend, so the Sultanate of Oman will witness a promising future in the green hydrogen sector.” He also appreciated the measures taken by Oman to tackle the climate crisis.

Abdullah Salim Al Harthy, Undersecretary of the Ministry of Finance, said that the memorandum of understanding (MoU) that was signed between the Sultanate of Oman, represented by the Ministry of Finance and the United States of America, represented by the Export-Import Bank of the United States (EXIM) will open the way for more partnerships and cooperation in the upcoming period between the two countries. The MoU will also open new vistas to invest, especially in the promising sectors in the Sultanate of Oman, such as mining, technology and clean energy, he added.

He explained that the MoU establishes cooperation between the Omani and US sides through working teams that will be formed for the sectors covered by the memorandum. Hence, opportunities are explored through which the EXIM can support trade and investment opportunities in the Sultanate of Oman.

On her turn, Reta Jo Lewis, President and Chair of the Board of Directors of the Export-Import Bank of the United States (EXIM), confirmed that the bank seeks to play a pivotal role in supporting bilateral relations and partnership between the two sides. This role represents in providing various types of support to financial and commercial institutions in the Sultanate of Oman and the business community in general in a bid to make optimal use of the capabilities that Oman possesses in many sectors, she added.

She said that the bank introduces the American business community to the investment opportunities available in the Sultanate of Oman. The back also encourages investors to come and invest in promising sectors such as mining, fisheries and logistics.

She pointed out that the MoU signed between the two sides will contribute to strengthening bilateral relations and pushing them towards broader horizons in many spheres through the exchange of experiences and visions in the investment, trade and research sectors for the benefit of the two countries and their friendly peoples. – ONA

more recommended stories

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.