Senior official at the Qatar Chamber has highlighted the importance of establishing strong trade ties between the State of Qatar and the Dominican Republic, saying a robust relationship would benefit both the countries’ economies. Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari, in a meeting with Dominican Republic’s Deputy Minister of Foreign Affairs Dr Carlos Gabriel Garcia, said companies from the Caribbean nation are welcome to forge partnerships with Qatari companies in various sectors. Al-Kuwari also said the meeting, which was held Tuesday in Doha, focused on exploring the scope of bilateral co-operation in trade, and the potential for businessmen from both the countries to establish joint projects.
He said the two sides are looking to hold a number of events that would bring together Qatari companies and their counterparts in the Caribbean for the enhancement of economic ties and opportunities to increase bilateral trade. Al-Kuwari stressed that the Chamber will also encourage Qatari businessmen to explore investment opportunities in the Dominican Republic, particularly in the tourism and industrial sectors. Meanwhile, Garcia described the State of Qatar as an important investment destination in the region, due to its rapid growth. He said the business community in the Dominican Republic is eager to know the investment climate and opportunities in Qatar. The Dominican Republic attracts about 7mn tourists from all over the world due to its white sand beaches with tropical waters, Lake Enriqueo, and the highest mountain in the Caribbean and Central America, Garcia said. “Other opportunities Qataris can invest in are energy, medical products, electronics, textiles, clothing, and others,” he said.
Garcia said the Dominican Republic adopted development policies that provide incentives for investment, in addition to the infrastructure that provides 15 natural ports and seven international airports, with the shortest time to transit to Europe by ship and aircraft, and a wide network of roads and communications. He added that the Dominican Republic has signed various agreements and memoranda of understanding in the commercial field with the US and Europe to export goods and services.Dominican Republic’s ambassador to Qatar Federico Alberto Cuello Camilo said a delegation from the country will visit Doha soon to discuss enhancing bilateral co-operation and increasing trade.
Sources and photo-credits: Gulf Times