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TRADE-
Saudi boosts trade ties with Oman: Saudi Arabia inked a certificate of origin (CO) with Oman to streamline the mutual flow of goods and hike up commercial and industrial exports between the two Kingdoms, ONA reports.
SOUND SMART- A CO confirms the origin of a product — serving as a declaration to adhere to customs or trade requirements, according to the International Chamber of Commerce. They are required for customs clearance services to clarify duties or legitimacy of imports.
Background: The contract was initiated under the second phase of the pair’s plan to support the bilateral integration and trade of industrial goods, launched back in June. This includes creating a fast track for customs transactions, joint industrial investments, integrating industrial supply chains, easing procedures for registering industrial goods, and equal treatment of companies in their respective government tenders.
AVIATION-
The Kingdom inked agreements with 17 countries and regional organizations at the ICAO General Assembly in Montreal, covering air transport regulations, air safety standards, connectivity, and technical cooperation, according to a statement from the General Authority of Civil Aviation.
The breakdown: Bilateral air transport service agreements were signed with Antigua and Barbuda, South Africa, Finland, Latvia, and Saint Lucia. MoUs for technical and operational cooperation were established with the African Civil Aviation Commission, Brazil, Algeria, Belarus, Guinea, Sao Tome and Principe, Liberia, Georgia, Comoros, Seychelles, Lithuania, and China. Additionally, an MoU for technical cooperation was formalized between the Arab Civil Aviation Organization and the African Civil Aviation Commission.
TRUCKING-
DeepWay expands in the Middle East: Chinese tech firm DeepWay has inked a distribution agreement with Omani firm Top Autos to deploy its electric, heavy-duty BEV Truck in Oman, according to a statement. The move aims to support Oman’s decarbonization and sustainable freight goals through trucks that will be used for most round-trip routes, traveling over 400 km per charge.
About DeepWay: The firm has been working on zero-carbon and smart logistics since 2020, producing electric heavy-duty trucks and smart freight solutions, according to its website.
