Trade exchange between Qatar, Bulgaria rises by 38% to QR109m last year – The Peninsula

Trade exchange between Qatar, Bulgaria rises by 38% to QR109m last year – The Peninsula

Doha: Qatar and Bulgaria maintain strong economic relations with the volume of trade between both countries reaching QR109m in 2021, registering a growth of 38 percent compared to the previous year, said a senior official during a meeting held yesterday.

Officials at the Qatari-Bulgarian Business Meeting discussed ways to enhance commercial and industrial cooperation relations and investment opportunities in both countries, as well as the possibility of establishing partnerships between Qatari and Bulgarian business owners in a way that contributes to increasing the rates of trade and investment exchange.

Addressing the meeting, Mohammed bin Towar Al Kuwari, First Vice-Chairman of Qatar Chamber, pointed out that Qatar and Bulgaria have strong relations in various fields and there is a common desire to develop and strengthen these relations, but the volume of ‘trade exchange between the two countries is still less than our ambitions despite its escalating growth from year to year, reaching QR109m last year in 2021, compared to QR79m in 2020, with a growth rate of about 38 percent’.

Al Kuwari expressed his hope that intra-regional trade will continue to grow in the coming years to reach the level of ambitions of the two countries, especially in light of the available capabilities and