QBA discusses trade and investment relations with UK Minister for International Trade

0

The Qatar Businessmen’s Association (QBA) participated in a meeting and business lunch in honor of Ranil Jayawardena, UK Minister of State for International Trade and his accompanying delegation.
The meeting was attended by British Ambassador John Wilkes and was attended by QBA board member Sheikh Nawaf bin Nasser al-Thani, and QBA members Sheikh Faisal bin Fahd al-Thani, Khalid al-Mannai, Omar Alfardan, Nabil Abu Issa, Maqbool Habib Khalfan, Abdullah al-Kubaisi, Ihsan al-Khaimi, Dr. Mohamed Althaf and Sheikh Mansour bin Jassim al-Thani, as well as QBA Deputy Managing Director Sarah Abdullah .
Sheikh Nawaf praised the bilateral relations between Qatar and the UK and spoke about the economic relations of the two countries and the importance of their continued development.
Jayawaridna said: “The UK and Qatar have a long-standing trading relationship and the increased cooperation between UK and Qatari businesses has opened up great opportunities for our two countries, with UK exports to Qatar increasing by 40% .
“Last year, during my meetings with Qatari officials, we made it clear that we are committed to bringing greater prosperity to our two countries through global free trade and to working closely with key organizations, such as than the Qatar Businessmen’s Association.”
QBA members also discussed the situation in the UK, particularly post-Brexit. Jayawaridna expressed optimism for a brighter future for Britain after Brexit, saying: “We in the UK are rushing time to cement our relationship with important countries, such as Qatar and all countries in the Gulf and African and other economic partners to strengthen the country. economic and business outlook as I want to bring a clear message to our partners in Qatar that the UK is keen to work with business people to attract more investment, and we now have a great opportunity to strengthen our position in an increasingly interconnected world.
Wilkes said the UK was looking to strengthen economic relations between the two countries, especially after the lifting of visa requirements for Qatari investors, adding that work is currently underway to launch a digital database which aims to provide all the economic and commercial information that would help investors in various sectors.
The UK is a major trading partner of Qatar. In 2019, trade between the two countries amounted to 14 billion QR. However, this figure fell to 11 billion QR due to the impact of the Covid-19 pandemic in 2020, but increased by 40% in 2021 to reach 16.6 billion QR.
Figures from the Planning and Statistics Authority indicate that 2022 will be exceptional in trade relations between the two countries, as the trade volume in the first five months of this year reached around QR 9 billion, in of which Qatar gained a significant share through exports of QR7.4bn.
Qatar also benefits from the presence of large British companies, such as Shell, which has been one of the main investors in the region for several years, as well as many British companies active in infrastructure projects in the country, particularly in architecture, design, project management and engineering consulting.

Share.

Comments are closed.