Qatar Chamber Discusses Investment Cooperation with Ecuador

26/2/2018

Qatar Chamber held a meeting Monday with HE Minister of Foreign Trade and Investments of the Republic of Ecuador, Pablo Campana Saenz.

During the meeting, the two sides discussed fields and prospects of investment cooperation and reviewed ways to enhance cooperation in oil, gas, mining, agriculture, tourism, technology and other sectors.

HE the Ecuadorian minister said his country seeks to encourage Qatari investments in hotels, tourism, mining, gas and other sectors, pointing out that the two countries seek to give the private sector greater opportunities to contribute to development and to raise the GDP in both countries.

He added that both sides aim to not rely on oil and gas as the main source of income, which unites the efforts of both countries and opens promising opportunities for joint cooperation.

He added that the State of Qatar is an important investment destination in the region, stressing his country’s interest in Qatari investments in Ecuador, noting that the most important Ecuadorian exports to Qatar are vegetables, fruits, oils, coffee and flowers, while petrochemicals are the most important Qatari exports to Ecuador.

Qatar Chamber Vice Chairman HE Muhammed bin Ahmed bin Twar said that Qatar and Ecuador have signed a number of agreements to facilitate trade, business and investment, pointing out that there is a common desire to raise the volume of trade exchange that stood last year only at QR 30.6 Million, which is not in line with the aspirations, opportunities and assets of the two countries.

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