The Shura Council will tomorrow hold the tenth meeting of the first session of the Sixth Legislative Term.
The meeting will discuss the report of the Foreign Affairs, Defence and National Security Committee regarding the draft-law on ratifying the agreement on cooperation in maritime transport and seaports, signed by the governments of Bahrain and Oman, which is attached to Decree (3) of 2023.
In the report, the committee approved the draft-law in principle.
The agreement aims to regulate the movement of maritime transport and seaports between the Kingdom and Oman in a manner that strengthens bilateral cooperation in this field, activates all means that facilitate the movement of maritime navigation and enhances trade exchange between the two countries.
The agreement includes the rules that guarantee the safety and security of maritime navigation, which will be a catalyst for attracting regional and international investments to the Kingdom, and facilitating the process of trade exchange between the two brotherly countries.
This agreement also aims to serve the economic interests of the citizens of the two brotherly countries, by providing effective international maritime transport services, increasing bilateral trade and ensuring consumer interests by encouraging private maritime transport institutions to deliver varied services to the public at competitive prices.
Source: Bahrain News Agency