( MENAFN )Both countries have the potential to improve their trade level to USD5 billion per year, stated Head of Iran-Oman Joint Chamber of Commerce. IRNA quoted Mohsen Zarabi as saying that âGiven the favorable conditions for diversifying Iranian exports to Oman and the existing infrastructure for re-export in Oman, there is a capacity to increase the volume of trade between the two sides to five billion dollars.â "Eight years ago, when the Iran-Oman Joint Chamber was established, the volume of trade between the two countries was only USD221 million due to the lack of necessary infrastructure," Zarabi further declared, mentioning the good political and economic ties amid both countries.