New Delhi, – HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani stressed that the joint commonalities between the State of Qatar and the friendly Republic of India represent a solid platform for the development and promotion of economic ties and trade between the two countries, and boosting them to wider horizons, especially in light of the rapid developmental process they witness, which is reinforced by their economic openness.

Speaking during a working dinner with businessmen in India that was held on Friday at his residency in the Indian capital of New Delhi, HE the premier stressed the historic and outstanding ties between Qatar and India that date back to hundreds of years, considering the attendance and participation in this meeting a side of cooperation between the two friendly countries that promotes economic relations and investments between them.

In this regard, HE the prime minister and interior minister announced the establishment of a Qatari-Indian council for the private sector.

HE the premier pointed to Qatar’s achievement of decent growth rates despite the fall in oil and gas prices over the past two years thanks to its efforts to diversify economic activity and boosting public spending, noting that India is one of the biggest five trade partners for Qatar, with a trade exchange of more than $10 billion.

HE Sheikh Abdullah bin Nasser said that the majority of trade exchange in Qatar’s exports to India relies on liquefied natural gas as Qatar is one of the biggest exporters of natural gas to India. In this regard, HE the premier said Qatar aims to increase the export volume in order to address India’s growing needs of energy.

He added that economic issues come at the forefront of state priorities and, for that reason, countries of all political systems strive to enhance the role of the private sector and unleash its innovations without any restrictions, and work to invite foreign investment to contribute its financial and technical capacities in national economy.

Source: Qatar News Agency