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Korea, Oman to resume meeting on economic cooperation

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Trade Minister Cheong In-kyo leads a meeting at Korea Trade Insurance Corporation in Seoul in this file photo provided by the Ministry of Trade, Industry and Energy, April 26. Yonhap

Trade Minister Cheong In-kyo leads a meeting at Korea Trade Insurance Corporation in Seoul in this file photo provided by the Ministry of Trade, Industry and Energy, April 26. Yonhap

Korea's industry ministry said Monday it has reached an agreement with Oman to resume a bilateral meeting on economic cooperation that has been stalled due to the COVID-19 pandemic.

Trade Minister Cheong In-kyo discussed the agenda with Ali bin Masoud al Sunaidy, the head of the Oman Public Authority for Special Economic Zones and Free Zones, in Seoul, according to the Ministry of Trade, Industry and Energy.

The two countries had scheduled the sixth meeting of the Korea-Oman Economic Cooperation Committee in Muscat in 2019, but the event was postponed due to the global outbreak of the COVID-19 pandemic.

During the visit, the Omani official noted that the Middle East nation wishes to resume the meeting in line with his government's efforts to diversify its industrial portfolio, including the renewable energy sector.

Cheong said Korea wishes to explore ways to boost investment between the two countries and find new business opportunities by organizing the meeting at an early date.

He also asked for the Omani government's proactive attention on Korean companies' plan to participate in the Middle Eastern nation's solar power, green hydrogen and petrochemical projects. (Yonhap)



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