Qatari-Russian panel decides to boost trade

 04 Jun 2016 - 5:29

Qatari-Russian panel decides to boost trade
Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada and Russian Minister of Energy Alexander Novak signing minutes of the meeting.

 

DOHA: The Qatari-Russian Joint Committee for Trade, Economic, Scientific and Technical Cooperation held its second meeting in the Russian capital Moscow. Qatar’s delegation to the meeting was chaired by Minister of Energy and Industry HE Dr Mohammed bin Saleh Al Sada, while the delegation of the Russian Federation was headed by Minister of Energy Alexander Novak.

According to a statement issued by the Ministry of Energy and Industry yesterday, the two sides expressed their desire to promote cooperation between the two countries, and their conviction of big potential and opportunities for cooperation available to establish fruitful partnerships in several areas.
The two sides agreed that the current level of trade exchange between the two countries is not commensurate with the depth of the bilateral relations and economic potential of both countries.
They expressed their desire to increase the volume of trade, cultural and scientific exchange by organising more meetings and mutual visits of businessmen from both sides in order to get acquainted with the investment opportunities available as well as laws that regulate foreign investment in both countries.
The two sides also agreed to continue coordination between the public and private sectors in the two countries to enhance cooperation in the fields of trade, investment, finance, energy, industry, agriculture construction, science, education, culture and business.
A number of businessmen in both Qatar and Russia participated in the business forum, which was held on the sidelines of meetings of the Committee. At the end of the meeting, Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, and Russian Minister of Energy Alexander Novak signed the minutes of the meeting. The two sides agreed to hold the third meeting of the Committee in Doha during 2017, in a date to be fixed through the diplomatic channels.

The Peninsula