QC discusses trade cooperation with Dominican Republic


Qatar Chamber held a meeting with the Deputy Minister of Foreign Affairs in the Dominican Republic Carlos Gabriel Garcia and his accompanying delegation.

The meeting focused on boosting economic and trade cooperation between the two countries. The meeting was held in the presence of Ambassador of the Dominican Republic to Qatar Federico Alberto Coelho Camilo.

The Qatari side was headed by Mohammed bin Ahmed bin Towar Al Kuwari, First Vice-Chairman of QC. During the meeting Al Kuwari noted that there are great opportunities available to establish fruitful economic and trade relations between the private sector in Qatar and the private sector in the Dominican Republic, especially as Qatar and the Dominicans have great assets and natural resources.

There is joint coordination to hold a number of events that bring together Qatari companies and their Dominican counterparts.

The idea is to discuss the possibility of forming joint ventures or to identify the promising opportunities of investment and trade. He pointed out that trade exchange between the two countries does not reach the level of ambitions.

He stressed that the Qatar Chamber is ready to extend all kinds of possible support and all efforts aimed at developing trade cooperation between the two countries. He also pointed out that the Chamber is working to bring companies closer together and that it is open to Dominican companies to increase cooperation through establishing partnerships and trade alliances in all sectors. The Chamber encourages Qatari business owners to learn about the investment opportunities available in the Dominican Republic, especially in the tourism and industrial sectors.

For his part, Dr Carlos Garcia said that Qatar is an important investment destination in the region, that it shares its country as a fast growing economy and that the business sector in the Dominican Republic is looking forward to learning about the business climate and investment opportunities in Qatar. He said that bilateral agreements will be singed to identify priorities of sectors of common concern, and to facilitate any difficulties that investors from both sides may face.

The Dominican Republic attracts about 7 million tourists from all over the world due to its white sand beaches with tropical waters, Lake Enriqueo and the highest mountain in the Caribbean and Central America, he said. Other opportunities Qataris can invest in are energy, medical products, electronics, textiles and clothing, among others.

He added that his government adopted development-friendly policies that provide incentives for investment, in addition to the infrastructure that provides 15 natural ports and 7 international airports, with the shortest time to transit to Europe by ships and aircraft and a wide network of roads and communications, noting that his country has signed agreements and understandings in the commercial field with the US and Europe to export goods and services.

The ambassador said that a delegation of businessmen from the Dominican Republic will keep visiting Doha to promote cooperation between the two countries and increase trade exchange.

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