Qatar to strengthen cooperation with commerce companions worldwide

Minister of Commerce and Trade H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, and Minister of Power of the Islamic Republic of Iran H E Ali Akbar Mehrabian, in the course of the the eighth session of the Qatari-Iranian Joint Committee.

Doha: Minister of Commerce and Trade H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, and Minister of Power of the Islamic Republic of Iran H E Ali Akbar Mehrabian, chaired the eighth session of the Qatari-Iranian Joint Committee, going down in Doha on June 5-6, 2022. 

The assembly featured official talks and reviewed features of cooperation on the degree of assorted sectors of widespread curiosity between the 2 nations.

At the start of his opening speech, H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Trade, pressured that the committee assembly comprised a further constructing block on the observe of the stable relations between the brotherly international locations. On this regard, he highlighted the superior degree of bilateral cooperation between the 2 sides following the historic go to of the Amir of the State of Qatar, H H Sheikh Tamim bin Hamad Al Thani, to Tehran final month, which got here after the current go to of H E Ibrahim Raisi, President of the Islamic Republic of Iran, to Doha.

The modifications the world is at present witnessing right now urge each international locations, greater than ever earlier than, to exert concerted efforts to broaden bilateral financial, commerce, and funding cooperation, in order to serve their widespread pursuits, he stated. 

Combining efforts, the minister additional acknowledged, stemmed from the robust and well-established relations between the 2 international locations, that are positively mirrored within the quantity of commerce trade between Qatar and Iran, which has witnessed a progress of about 34 p.c in 2021, he defined.

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On the funding degree, Minister of Commerce and Trade acknowledged that the Iranian personal sector performed a major position in supporting the method of improvement and building in Qatar. The variety of Iranian corporations working in Qatar has reached some 811 corporations which can be lively in a number of financial and very important fields, he elaborated. 

Furthermore, the agreements and memoranda of understanding (MoUs) which were signed between the 2 sides have contributed to consolidating the bonds of commerce and funding cooperation between them, he stated, stating that these agreements included the settlement to encourage and shield mutual investments, and the MoU on facilitating transport and transit visitors, signed between the governments of the State of Qatar, the Islamic Republic of Iran, and the Republic of Turkey.

The minister underscored the importance of the outcomes reached within the seventh session of the Qatari-Iranian Joint Committee, throughout which it was agreed to determine the Qatari-Iranian Enterprise Council.

On this regard, he expressed his confidence within the position that the Qatari-Iranian Enterprise Council would play in growing intra-regional commerce, facilitating the products and providers stream, and strengthening bridges of dialogue and communication between the Qatari and Iranian enterprise sectors. These contributions would due to this fact pave the way in which for establishing extra joint initiatives, by capitalising on the accessible alternatives, and the important thing features that distinguish the economies of each international locations.

Talking in regards to the Qatari economic system, he stated that Qatar was sustaining its efforts to boost its financial openness and consolidate cooperation with all its commerce companions around the globe, provided that commerce is instilled as an inherent a part of its historical historical past.

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Qatar is conscious of the significance of sustainable and versatile provide chains and commerce programs based mostly on equality, equal alternatives, and mutual profit, he added, stating that these would help the State’s commerce relations with all its sibling and pleasant international locations, particularly the Islamic Republic of Iran.

In a associated context, the minister invited the Iranian personal sector to capitalise on the incentives, funding benefits, and the superior enterprise atmosphere offered by Qatar to the native and overseas personal sector. The stated components have contributed to consolidating Qatar’s strategic place as a logistical gateway and place to begin for enlargement in direction of the markets of the Center East, East Asia, and Africa.

Qatar depends on a powerful infrastructure that has been designed and constructed based on the best worldwide requirements, together with Qatari ports, Hamad Worldwide Airport, and the free and logistical zones, the minister added on this regard. 

These features contributed to enhancing the power and sturdiness of the Qatari economic system, he additional acknowledged, including that the Qatari economic system was anticipated to develop by 4.9% in 2022.

On the conclusion of his speech, the Minister of Commerce and Trade expressed his aspiration to observe up on the outcomes of the Qatari-Iranian Joint Committee’s eighth session, and to construct on the suggestions of the technical work staff geared toward laying the foundations of a complete strategic partnership, which derives its sustainability and success from the imaginative and prescient of each international locations’ leaderships. Furthermore, he expressed his optimism for attaining further constructive outcomes in the course of the Qatari-Iranian businessmen assembly.

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Throughout the session’s proceedings, the 2 sides mentioned the progress made on the degree of the suggestions of the Committee’s seventh session, along with relating present initiatives and plans for increasing them, in addition to means to beat obstacles dealing with some initiatives. The Joint Committee additionally mentioned a lot of points associated to enhancing Qatari-Iranian cooperation in numerous fields, together with commerce, trade, free zones, well being, schooling, chambers of commerce, and different fields of widespread curiosity.

The 2 sides agreed to take the mandatory steps to maneuver ahead in consolidating commerce, funding, and industrial cooperation between the 2 international locations, with the intention to extend the amount of commerce trade between them, and facilitating the Qatari-Iranian stream of products, providers, and investments

On the conclusion of the eighth session of the Qatari-Iranian Joint Committee, H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Trade, and H E Ali Akbar Mehrabian, Minister of Power of the Islamic Republic of Iran, signed the assembly minutes.