UK one of most important strategic partners of Qatar – The Peninsula

UK one of most important strategic partners of Qatar – The Peninsula

Doha: Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al-Thani praised the development witnessed by the economic and commercial cooperation between the State of Qatar and the United Kingdom, noting that the relations between the two countries are based on long and solid foundations of friendship and common interests.

In a statement to Qatar News Agency, the Minister added that given the rates of investment and intra-trade, the United Kingdom (UK) is one of the most important and strongest strategic partners of Qatar, where the volume of trade exchange between the two sides increased by about 51.4 percent in 2021 compared to 2020, reaching about $4.54bn, which supported the position of the United Kingdom as the seventh trading partner of the State of Qatar.

He noted the increase in the number of British companies operating in the Qatari market to 1,119 companies; pointing to the important role that the agreements and MoUs signed between Qatar and the UK play in consolidating bilateral cooperation frameworks in various fields, especially in the trade and investment. In this context, he added that the agreements signed between the two sides include an economic, commercial and technical cooperation agreement, an MoU for