HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani met Wednesday with Italy’s Minister of Economic Development Frederica Guidi and her accompanying delegation.
During the meeting, the two sided reviewed bilateral ties and discussed means to develop mutual cooperation in the economic and investment affairs. They also discussed enhancing commercial ties by stimulating commerce chambers in both countries and the private sector to benefit from signed agreements and the exchange of visits.
Additionally, the meeting touched on holding and participating in exhibitions and commercial markets in both countries to introduce their goods and products.
Qatar and Italy are have several economic and trade agreements an economic, trade and technical cooperation agreement in 1996, an agreement on stimulation and mutual protection of investment in 2004, and another on avoidance of double taxation.
In 2013, trade volume between the two countries amounted to QR 15.2 billion, of which QR 9.6 billion from the Qatari exports to Italy including mineral fuel, oils, distillation products, plastics and their products, organic chemicals, inorganic chemicals and aluminum. Qatari imports form Italy reached around QR 5.6 billion, mainly comprising machinery, boilers, electrical and electronic equipment, iron and steel products, prefabricated buildings, furniture, lighting, and aircraft.
Source : Qatar News Agency
