Qatar, Australia Chambers sign MoU to strengthen cooperation

Qatar, Australia Chambers sign MoU to strengthen cooperation

The Qatar Chamber (QC) and the Australian Chamber of Commerce and Industry (ACCI) signed Sunday a Memorandum of Understanding (MoU) formalizing their shared commitment to improving trade and investment opportunities between the countries, exchanging data and information about business, trade, investment, and economic conditions to facilitate cooperation and mutual understanding.The agreement was signed by QC First Vice-Chairman Mohamed bin Twar Al Kuwari and Vice President of the ACCI Lyall Gorman. Also present at the ceremony was HE Ambassador of Australia to the State of Qatar Shane Flanagan.In his remarks, the First Vice-Chairman said that this agreement represents a new phase of cooperation between both sides, noting that it will promote economic and commercial cooperation among Qatari and Australian businessmen, thereby developing trade between the two countries.He reiterated that the agreement would enable business owners from both countries to explore the investment opportunities galore on both sides and streamline the establishment of joint ventures and mutual investments. Twar also emphasized Qatari businessmens interest in learning about investment opportunities available in Australia and the incentives and advantages offered to foreign investors.For his part, Vice President of the ACCI Lyall Gorman said, "I am delighted to see the commencement of a formal relationship