Qatar-UK trade volume at QR5.6bn in H1
06 Oct 2017 - 0:02
The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim Al Thani met yesterday with Liam Fox, British Secretary of State for International Trade and President of the Board of Trade, and his accompanying delegation.
During the meeting, they reviewed the bilateral relations and discussed aspects of joint cooperation, especially in the economic, trade and investment fields, and means of developing them.
Qatar and the United Kingdom have signed a number of trade agreements. They include an agreement on economic, commercial and technical cooperation, signed on June 19, 1976 in Doha, an agreement on the promotion and protection of mutual investments, signed on October 27, 2009 in Doha, and a memorandum of understanding (MoU) signed between the two countries for cooperation in the fields of business, trade and technology on October 28, 2010 in London.
The signing of the MoU for the establishment of a joint ministerial committee for economic, commercial and technical cooperation between the Government of the State of Qatar and the Government of the United Kingdom of Great Britain and Northern Ireland on March 28 in Birmingham on the sidelines of the Qatar and UK Business and Investment Forum held on March 27 and 28 in London and Birmingham. The first meeting of the Joint Ministerial Committee will be held before the end of this year.
The volume of trade exchange between Qatar and the United Kingdom in the first half (H1) of this year amounted to about QR5.6bn, and the number of British companies operating in the Qatari market is 79 companies, working in the field of oil and gas, infrastructure and information technology, while the number of the British-Qatari companies operating in the State of Qatar is 672 companies.