Qatar Chamber (QC) hosted a Qatari-Mexican business meeting to discuss aspects of cooperation between the private sector in the two countries with a focus on sectors such as food, services and information technology.
Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar al Kuwari said the economic relations between the private sector in Qatar and Mexico are developing in a number of sectors, which was reflected in the volume of trade exchange between the two countries that witnessed a growth of 33 percent last year to reach $263 million compared to $199 million in 2017.
Kuwari pointed out that although trade between the two countries is concentrated in the energy sector, there are investments in other sectors including food, health care, sports, tourism and others, stressing the keenness and interest of the business sector in both countries to expand and develop the scope of cooperation and partnership between them.
He added that the Qatari economy and the private sector are open to all economies of the world, and that the investment climate in both country enables strong partnerships and alliances between Qatari and Mexican private companies.
Kuwari stressed the Chamber’s support for initiating joint investments between the two sides, calling on businesses from both countries to explore the available opportunities and discuss the establishment of new partnerships that benefit both sides.
Ambassador of Mexico to Qatar HE Graciela Gomez Garcia said the rapprochement between the business community in both countries and the mutual visits of business delegations contributed to the growth of trade between Qatar and Mexico.
She pointed out that the visiting Mexican delegation seeks to identify investment opportunities in the Qatari market, explore the most prominent sectors in which they can invest, and discuss the establishment of alliances and deals with Qatari businessmen, especially in light of the major projects in Qatar in which the private sector is taking part.
She added that the Qatari-Mexican Business Council, which was established last year, would contribute to strengthening cooperation and communication between business leaders from both sides, increasing the volume of trade exchange between them, reviewing investment opportunities, and facilitating the obstacles faced by investors in the two countries.