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Qatar-China trade volume reaches QR87bn, says Qatar Chamber official

Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari and CCPIT chairman Liu Qilin during a meeting in Doha recently.

Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari and CCPIT chairman Liu Qilin during a meeting in Doha recently.

Qatar Chamber has hosted a Chinese business delegation led by Liu Qilin, chairman of China Council for the Promotion of International Trade (CCPIT) in the Province of Yunnan.

The meeting was attended by Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari, as well as several Qatari and Chinese business owners.

During the meeting, both parties reviewed means to strengthen co-operation between the two entities and mechanisms to promote trade exchange between the two countries. They also discussed the investment climate and investment opportunities available in various sectors, especially in the food industries.

In his remarks, Qilin said the delegation aims to learn about the industry sector in Qatar and explore the commercial potential and opportunities available in Qatar and Yunnan Province, in addition to means to promote bilateral trade and the possibility of signing an agreement with Qatar Chamber.

Qilin called on Qatar Chamber to encourage Qatari businessmen to participate in the ‘8th China-South Asia Exposition’ and the ‘28th China Kunming Import & Export Fair’ scheduled on July 23-30, 2024. He noted significant opportunities for investment in the sectors of green foods and food industries in China, calling on Qatari businesses to invest in Yunnan Province.

For his part, al-Kuwari lauded commercial relations between both countries, saying China is one of the most important trade partners of Qatar. Trade volume amounted to QR87bn in 2022, reflecting a 32% year-on-year growth from QR65.8bn.

Al-Kuwari emphasised that Qatari companies are interested in expanding co-operation with their Chinese counterparts and establishing commercial alliances. He stressed the chamber’s interest in encouraging Qatari business owners to participate in Chinese exhibitions, noting these exhibitions offer a valuable opportunity to learn about Chinese products and promote Qatari products.

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