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Estonia and Oman Interested in Intensifying Relations


No. 218-E

During his meeting in Tallinn with Secretary General of the Foreign Ministry of Oman Sayyid Badr Bin Hamad Al Busaid, Foreign Minister Urmas Paet confirmed that Estonia is interested in intensifying political and economic ties with Oman.

Foreign Minister Paet stated that Oman interests Estonian entrepreneurs in the IT and energy fields. “Estonia and Oman’s co-operation in the information and communications technology sector is already off to a good start. We also see co-operation potential in helping developing countries with their IT sectors,” Paet said. Estonia’s biggest IT company Webmedia is active in Oman. “We would also like to promote co-operation for enlivening the gas market. Compared with the energy sources currently in use, gas from Oman is very competitive. Opportunities for diversifying gas suppliers are also of interest to us for reasons of energy security and supply insurance,” added Foreign Minister Paet.

According to Paet, investors and entrepreneurs from Oman are welcome in Estonia. “Estonia is a country with an open economy. Low taxes, the euro, a modern banking system, and a geographically advantageous location are qualities that give Estonia an edge compared to other EU member states and for entering the Russian market,” Paet asserted.

Paet said that in order to advance economic and business relations, a sufficient treaty base is needed. “We hope to conclude an agreement for the protection and facilitation of investments as well as an economic co-operation memorandum with Oman,” said the foreign minister.

Paet said that Estonia has expanded its diplomatic relations, and in recent years it has intensified ties with the Persian Gulf countries. “To promote bilateral relations, including business contacts, we would like to appoint a non-residing ambassador to Oman and also name an honorary consul,” Paet added.

During their meeting they also spoke about recent developments in the Arabian Peninsula, the Middle East, and Northern Africa.

Photo from the meeting:

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