Qatar and Iran, which have "strong and well-established relations” and whose trade volumes grew about 34% on annualised basis in 2021, are putting in measures to enhance the trade exchange between the two countries.
Both the countries agreed to enhance co-operation in various fields, including industry, free zones, health, education, chambers of commerce, and other fields of common interest as part of measures to facilitate the two-way flow of goods, services and investments.
These were discussed at the eighth session of the Qatari-Iranian Joint Committee, chaired by HE Sheikh Mohamed bin Hamad bin Qassim al-Thani, Minister of Commerce and Industry, and Ali Akbar Mehrabian, Minister of Energy of Iran.
Doha has "strong and well-established relations" with Iran, positively reflecting in about 34% year-on-year increase in trade between the two countries, according to HE Sheikh Mohamed.
The meeting agreed to take the necessary steps to move forward in consolidating trade, investment, and industrial co-operation between the two countries.
"The changes the world is currently witnessing today urge both countries, more than ever before, to exert concerted efforts to expand bilateral economic, trade, and investment co-operation, so as to serve their common interests," the Qatari minister said.
The number of Iranian companies operating in Qatar is estimated to be 811, which are active in several economic and vital fields.
On the investment level, Sheikh Mohamed said the Iranian private sector played a significant role in supporting the process of development and construction in Qatar.
The agreements and memoranda of understanding (MoUs) signed between the two sides have contributed to consolidating the bonds of trade and investment co-operation between them, he said, noting that these included the agreement to encourage and protect mutual investments, and the MoU on facilitating transport and transit traffic, signed between the governments of Qatar, Iran and Turkey.
The minister expressed his confidence in the role the Qatari-Iranian Business Council would play in developing intra-regional trade, facilitating the goods and services flow, and strengthening bridges of dialogue and communication between the Qatari and Iranian business sectors.
"These contributions would therefore pave the way for establishing more joint projects, by capitalising on the available opportunities, and the key aspects that distinguish the economies of both countries," he said.
"Qatar is aware of the importance of sustainable and flexible supply chains and trade systems based on equality, equal opportunities, and mutual benefit," Sheikh Mohamed said, highlighting that these would support the state's trade relations with all its sibling and friendly countries, especially Iran.
He invited the Iranian private sector to capitalise on the incentives, investment advantages, and the advanced business environment provided by Qatar to the local and foreign private sector.
Sheikh Mohamed said factors have contributed to consolidating Qatar's strategic position as a logistical gateway and starting point for expansion towards the markets of the Middle East, East Asia, and Africa.
These were discussed at the eighth session of the Qatari-Iranian Joint Committee, chaired by HE Sheikh Mohamed bin Hamad bin Qassim al-Thani, Minister of Commerce and Industry, and Ali Akbar Mehrabian, Minister of Energy of Iran.
Doha has "strong and well-established relations" with Iran, positively reflecting in about 34% year-on-year increase in trade between the two countries, according to HE Sheikh Mohamed.
The meeting agreed to take the necessary steps to move forward in consolidating trade, investment, and industrial co-operation between the two countries.
"The changes the world is currently witnessing today urge both countries, more than ever before, to exert concerted efforts to expand bilateral economic, trade, and investment co-operation, so as to serve their common interests," the Qatari minister said.
The number of Iranian companies operating in Qatar is estimated to be 811, which are active in several economic and vital fields.
On the investment level, Sheikh Mohamed said the Iranian private sector played a significant role in supporting the process of development and construction in Qatar.
The agreements and memoranda of understanding (MoUs) signed between the two sides have contributed to consolidating the bonds of trade and investment co-operation between them, he said, noting that these included the agreement to encourage and protect mutual investments, and the MoU on facilitating transport and transit traffic, signed between the governments of Qatar, Iran and Turkey.
The minister expressed his confidence in the role the Qatari-Iranian Business Council would play in developing intra-regional trade, facilitating the goods and services flow, and strengthening bridges of dialogue and communication between the Qatari and Iranian business sectors.
"These contributions would therefore pave the way for establishing more joint projects, by capitalising on the available opportunities, and the key aspects that distinguish the economies of both countries," he said.
"Qatar is aware of the importance of sustainable and flexible supply chains and trade systems based on equality, equal opportunities, and mutual benefit," Sheikh Mohamed said, highlighting that these would support the state's trade relations with all its sibling and friendly countries, especially Iran.
He invited the Iranian private sector to capitalise on the incentives, investment advantages, and the advanced business environment provided by Qatar to the local and foreign private sector.
Sheikh Mohamed said factors have contributed to consolidating Qatar's strategic position as a logistical gateway and starting point for expansion towards the markets of the Middle East, East Asia, and Africa.
