Posted on October 26, 2019

The continuous increase in bilateral trade volume between Qatar and Turkey reflects the strength of trade relations between the two countries, said Secretary-General of the Ministry of Foreign Affairs, H E Dr. Ahmed bin Hassan Al Hammadi in the meeting of Qatari-Turkish Higher Strategic Committee. The bilateral trade between the two countries has witnessed 78 percent increase in 2018.

Trade exchange between the two countries last year amounted to $2.4bn, an increase of 78 percent from 2017. Senior officials of Qatari-Turkish Higher Strategic Committee held a meeting here yesterday, under the Chairmanship of H E Dr. Ahmed bin Hassan Al Hammadi. At the outset of the meeting, Secretary-General of the Ministry of Foreign Affairs commended Turkey’s successful organisation of the 4th session of the Qatari-Turkish Higher Strategic Committee in Istanbul on November 26, 2018. He praised the Republic of Turkey’s honourable stance regarding the blockade imposed on Qatar since June 2017.

H E Dr. Al Hammadi said that the Committee, through its four previous sessions, has contributed advancing the two countries’ relations to the level of strategic partnership. Referring to the progression of the economic bilateral relations, he said: “The volume of trade exchange between the two countries last year amounted to $2.4bn, an increase of 78 percent from 2017, and this increase reflects the strength of trade relations.” He stressed the importance of supporting mutual visits of trade delegations, chambers of commerce, businessmen and the private sector, as well as the exchange of expertise between stakeholders and cooperation between small and medium enterprises. He concluded by saying that the State of Qatar has enacted attractive procedures for foreign capital, which allows investment of 100 percent of capital in many sectors, in addition to providing many incentives and benefits for foreign investors.

For his part, Deputy Director General of the Middle East Department in the Ministry of Foreign Affairs of the Republic of Turkey Ismail S. Oglu said that the State of Qatar and the Republic of Turkey share views on many regional issues. He extended thanks the State of Qatar for its honourable stance rejecting the failed coup attempt in Turkey in 2016, calling for intensified cooperation to achieve the aspirations and hopes of the leaders and peoples of the two countries. For his part, Turkish Ambassador to Qatar Fikret Ozer stressed the depth of bilateral relations, noting that relations have been developing and prospering since the first meeting of the Higher Strategic Committee between the two countries in 2015. This is evidenced by the number of agreements and memorandums of understanding signed since then, he added.

During the meeting, was attended by representatives of the two countries from various governmental and private sectors, a number of draft agreements and memoranda of understanding between the two sides were finalized and are expected to be signed during the fifth session of the Higher Strategic Committee.

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