Qatar – German trade crosses €2 billion…

The volume of trade between Qatar and Germany is estimated at over €2bn, reflecting continued growth, HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has stressed.

He made the statement while addressing the fourth meeting of the Qatari-German joint committee for commercial, economic and technical co-operation in Berlin.

While the Qatari side was chaired by Sheikh Ahmed, the Germans were led by Matthias Machnig, state secretary at the federal Ministry for Economic Affairs and Energy, QNA said.

The two-day meeting has discussed a number of issues, including renewable energy and energy competency, the role of small and medium-sized enterprises in reviving economy, business and investment opportunities in Germany, and German international co-operation activities in Qatar.

In his speech, Sheikh Ahmed highlighted the strength of Qatari-German relations, noting that there are agreements for economic and commercial co-operation and for promotion and protection of investments between the two countries.

Sheikh Ahmed observed that German investments in Qatar have increased and there are 27 German companies with 100% German ownership in addition to 112 firms with joint Qatari-German capital.

He hailed the success of the Qatari-German Economic Forum held on the sidelines of the visit of HH the Emir to Germany, in which the attendance of businessmen and CEOs from major Qatari companies contributed to enriching the joint dialogue over economic, commercial and investment-related issues.

The meeting aims to enhance economic and commercial ties between the two countries, working to boost Qatar’s exports to the German market by stimulating commerce chambers in both countries and the private sector and benefiting from signed agreements in this regard, and creating new investment opportunities.