After recognizing the need to boost economic cooperation between the Philippines and Oman, the two countries signed a Memorandum of Understanding (MOU) on Bilateral Consultations that will formally establish a mechanism to expand bilateral cooperation in various areas.

The signing of the MOU came after the 2nd Philippines-Oman Informal Bilateral Consultations (IBC) at the Department of Foreign Affairs in Pasay City on February 4 (Tuesday).

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