QATAR, CHINA SIGN AGREEMENT TO PROMOTE COOPERATION

DOHA, April 4 (NNN-Bernama) — Qatar Chamber and China Council for the Promotion of International Trade (CCPIT) signed an agreement to promote cooperation between Qatari and China’s private sectors as well as create more partnerships, Qatar News Agency (QNA) reported.

The two sides also signed a memorandum of understanding for Qatar Chamber to join the Silk Road Chamber of International Commerce.

The signings took place during the Qatari-Chinese meeting that Qatar Chamber hosted on Monday in the presence of Qatar Chamber Vice Chairman Mohamed bin Ahmed bin Tawar, CCPIT Vice Chairman Yu Ping, Qatar Financial Centre Chief Executive Officer Yousef Al Jaida, and a number of business owners from both sides.

Addressing the event, the Qatar Chamber vice chairman said that relations between Qatar and China are excellent in all aspects of cooperation, noting that Qatar pays special attention to the promotion of these relations and strengthening cooperation with China in the commercial and economic fields.

Bin Tawar stressed the importance of cooperation between Qatari business owners and their Chinese counterparts, adding that the chamber hosted a number of Chinese delegations over the past two years aimed at enhancing trade ties and learning about available investment opportunities across the different economic sectors.

He also said that the private sector in both countries will play a bigger role in bilateral relations, especially with the availability of investment opportunities for Qatari and Chinese business owners, noting that more than 100 Chinese companies operate in Qatar.

He said that establishing a yuan clearing centre in Qatar is a main pillar of enhancing bilateral cooperation, stressing that the “Made in China” exhibition, which was held in Qatar, proved that the Qatari market is significant for China and that bilateral relations are deep and strong.

Bin Tawar also stressed on the importance of joining the “One Belt, One Road,” an initiative launched by the Chinese president in 2013 in which Qatar joined at a later date.

Meanwhile, Vice Chairman of China Council for the Promotion of International Trade Lu Pengqi highlighted the strong ties between Qatar and China, which are reflected in their economic ties.

He noted that China is an important trading and investment partner to Qatar.

Lu highlighted the success that Qatar achieved in recent years in its infrastructure, adding that the Gulf Cooperation Council (GCC) country used its natural resources to ensure the prosperity of its population and the growth of its economy.

Source: NAM News Network

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