Oman, China sign MoU on Silk Road

BEIJING: Yusuf bin Alawi bin Abdallah, Minister Responsible for Foreign Affairs, met Wang Yi, Minister of Foreign Affairs of China, within the framework of his current official visit to China. Alawi conveyed the greetings of His Majesty Sultan Qaboos to President Xi Jinping of China. The Chinese Minister of Foreign Affairs asked Alawi to convey greetings and best wishes of the Chinese President to His Majesty the Sultan. On the sidelines of the talks, a memorandum of understanding (MoU) was signed between the Sultanate’s government and the Chinese government dealing with cooperation within the framework of the Silk Road Economic Belt (One Belt One Road Initiative), the 21st century Maritime Silk Road. Later a session of talks was held between both the countries.

During the talks, they discussed means of enhancing bilateral relations between the Sultanate and China, as well as promoting joint cooperation and consultation on economic, trade and investment partnership. Alawi earlier met the Vice-President of the Central Bank of China, the Executive Director of the China Development Bank, China Banking Regulatory Commission and China Export and Credit Insurance Company. They discussed means of financial and investment cooperation among the economic and financial institutions in both countries. The bilateral relations between the Sultanate and China are witnessing a rapid development in various fields.

On May 25, the two countries will mark the 40th anniversary of establishment of diplomatic relations. The meetings were attended by Sultan bin Salim al Habsi, Deputy Chairman of the Board of Governors of the Central Bank of Oman (CBO), Abdul Salam Mohammed al Murshidi, CEO of the State General Reserve Fund (SGRF), Tahir bin Salim al Amri, Executive President of the CBO and Shaikh Abdullah bin Saleh al Saadi, Ambassador of the Sultanate to China. — ONA