Qatar-Mexico Business Forum reviews boosting trade ties

Tribune news network Doha Qatar Chamber’s First Vice Chairman Mohamed bin Ahmed bin Twar al Kuwari said that Qatar and Mexico enjoy fast-developing relatio...

Tribune news networkDohaQatar Chamber’s First Vice Chairman Mohamed bin Ahmed bin Twar al Kuwari said that Qatar and Mexico enjoy fast-developing relations, noting that their trade exchange during the first half of this year amounted to $111 million, showing an increase of 17 percent compared to the same period last year.This came during the Qatar-Mexican Business Forum held on Sunday at the Chamber’s headquarters in the presence of HE Graciela Gomez Garcia, Ambassador of Mexico to Qatar, and Ruben Masayi Gonzalez, coordinator of the Council of Industrial Chambers of Jalisco State (CCIJ).The event was attended by a large number of representatives of Qatari companies and representatives of 33 Mexican companies specialized in food and beverages, oil and gas, jewelry and furniture and other sectors.It touched on reviewing ways of enhancing cooperation between Qatari and Mexican firms and exploring the investment opportunities available in both countries.Kuwari went on to reiterate that the energy sector tops the Qatari investments in Mexico, noting that there are many successful investments in this vital sector. He also said that the Qatari private sector is looking forward to establishing partnerships with its Mexican counterpart in all sectors, especially in agriculture and food security, stressing that there is a mutual interest from both sides to identify the investment opportunities available in both countries and forge joint ventures that benefit their economies.He pointed out that Qatar Chamber highly welcomes the cooperation between companies from both countries, inviting Qatari investors to explore the opportunities galore in Mexico and build economic and commercial alliances whether in Qatar or in Mexico.Qatari market is promising and welcomes all foreign investments, especially in the presence of world-class infrastructure, logistic potential, attractive incentives, and legislations, he said.On his part, Gonzalez said that the council consists of a group of leading companies in many sectors such as industry and electronics which offer products of high quality that are being exported for all world countries.He called on Qatari businessmen to explore the opportunities available for investments in the state and establish active partnerships with Mexican side.He noted that the visiting delegation is eager to establish economic partnerships with Qatari companies in agriculture and food security fields, pointing out that there many foreign investments in this sector in Mexico which is rich of opportunities that can attract Qatari investors.On her part, Garcia praised the close relations between both countries, stating that Qatar is the fourth trade partner to Mexico in the Middle East region.Garcia also stressed that Mexico is rife with investment opportunities in many sectors such as IT, communication, construction, energy, infrastructure, and others.During the meeting, both parties delivered presentation about investment climate and sectors in which both sides can cooperate in.Hamad Rashid al Nuaimi, Manager of Investor Relation at Investment Promotion Agency (IPA), presented an overview about the Qatari economy and economic incentives offered by Qatar to attract foreign investors, as well as the role of IPA in promoting investment in the country.IPA is the national agency responsible for promoting and facilitating international investment in Qatar, he said, adding that Qatar economy is one of the most stable, resilient, and competitive economies in the world and that Qatar boasts a world-class climate for business and investment.Qatar offers a wide range of opportunities in infrastructure, logistics, fiscal services, entertainment, technology, manufacturing, tourism, agriculture, and others.In turn, the Mexican delegation delivered a presentation about the role of CCIJ and the sectors that can attract the Qatari investors.