President of Qatar Chamber: 52% growth of trade with Iraq in 2018
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Chairman of the Qatar Chamber, Khalifa bin Jassim bin Mohammed Al-Thani, said that the visit of the Qatari trade delegation to Iraq headed by Minister of Commerce and Industry Ali bin Ahmed Al-Kuwari reflected the deep brotherly relations between the two countries, pointing out that the visit was successful and achieved its objectives in bringing together sectors The two countries' business and stress the need to further develop mutual cooperation and push forward trade exchanges.
Sheikh Khalifa bin Jassem said that the participation of Qatari businessmen and manufacturers in the visit represents an important opportunity to introduce Qatari industries and promote the Qatari product in Iraq. He also said that partnerships between Qatari companies and their Iraqi counterparts will be established to establish joint ventures.
The Chamber President praised the strength and strength of the bilateral relations between the State of Qatar and the brotherly Republic of Iraq, which entered a new stage of cooperation and development after the two countries' agreement in 2017 to activate economic and trade relations and start meetings of the joint committee between the two countries.
Khalifa Bin Jassim noted that bilateral trade with Iraq is still below the level of ambitions and potentials of the two brotherly countries, despite the remarkable growth in trade exchange by 52% last year. The value of trade exchange in 2018 amounted to QR 473 million compared to In the year 2017, pointing out that the most important Qatari imports from Iraq are vegetables and fruits and some electrical equipment for telephone networks, while the most prominent exports of Qatar to Iraq are oil oils, organic detergents, cement materials and bags for packaging and packaging used in industries The chemical.
He explained that Qatar Chamber welcomes the Iraqi companies wishing to enter the Qatari market. He pointed out that there are about 210 Iraqi Qatari companies currently operating in the Qatari market, including three Iraqi companies with full ownership and the rest of the companies with joint capital. These companies operate in various economic sectors such as industry, Medical Services & Supplies, Trade & Contracting, Hospitality Services, Real Estate, Healthcare, Advertising, and others.
Joint Business Forum
For his part , gave Mohammed Bin Towar Al Kuwari , First Deputy Chairman of Qatar Chamber speech in which the brotherly thoroughbreds relations between the State of Qatar and the Republic of Iraq sister praised, and said that this meeting comes within the framework of this distinguished relations, common and our desire to move to higher levels of cooperation Which reflects on the Qatari and Iraqi economies and meets the aspirations and aspirations. It aims to strengthen relations between the business sectors in both countries, increase the terms of trade exchange, review available investment opportunities and work together to establish trade alliances and joint projects in two countries. Brothers.
For his part , gave Mohammed Bin Towar Al Kuwari , First Deputy Chairman of Qatar Chamber speech in which the brotherly thoroughbreds relations between the State of Qatar and the Republic of Iraq sister praised, and said that this meeting comes within the framework of this distinguished relations, common and our desire to move to higher levels of cooperation Which reflects on the Qatari and Iraqi economies and meets the aspirations and aspirations. It aims to strengthen relations between the business sectors in both countries, increase the terms of trade exchange, review available investment opportunities and work together to establish trade alliances and joint projects in two countries. Brothers.
Bin Tuar pointed out that bilateral relations between the State of Qatar and the brotherly Republic of Iraq are witnessing great progress, especially after the two countries agreed in 2017 to activate economic and trade relations between them and restore communication channels in all fields and start holding meetings of the Qatari-Iraqi Committee. Qatar and Iraq, which was announced in April last year, which will contribute to the shipping line to transport goods from Jordan, Kuwait, Turkey and Iran to Qatar through Iraqi territory, which will constitute a new step in the steps to support relations between the two countries.
He pointed out that the private sector looks forward to strengthening relations of cooperation with its Iraqi counterpart in various economic and trade fields, pointing out the necessity of activating the joint Iraqi-Qatari Business Council. The agreement was signed during the sixth session of the Iraqi- In Doha last December, said that the Joint Business Council will play an important role in activating mutual visits and discussing the investment opportunities available in both countries and facilitate the exchange of investments between the two sides and raise them to the level of Tamo Hatt.
Bin Tuwar noted the memorandum of understanding signed between the Qatar Chamber and the Federation of Iraqi Chambers of Commerce, which aims to strengthen ties of friendship and understanding between businessmen in both countries and develop cooperation in the field of trade exchange, investment, technology transfer, service provision and supporting the industrial sectors in both countries. To take advantage of such agreements in the promotion of joint cooperation, especially in light of the agreement of the two countries to take the necessary steps to move forward in the approach of strengthening trade and investment cooperation in order to increase the volume of trade exchange and facilitate the flow of goods between the two countries.
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