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Minister Says That Crisis Is An Opportunity To Achieve Economic Security

Photo: Qatar Tribune

Minister of Economy and Commerce HE Sheikh Ahmed bin Jassim bin Mohammed al Thani, said that the ongoing crisis is an opportunity to cement Qatar’s economic independence and security on the world stage.

He said in a speech at a programme in honour of the Qatari delegation in Izmir, that Qatari economy has proved to be resilient to global economic challenges which have impacted even the major economies.

Qatar was able, under the directives of the wise leadership, to break the siege within hours through activation of its strategies and proactive plans that have been in place for many years to address any local or global crises,” he said.

Meanwhile, he thanked Turkish support during the crisis and said that the bilateral relations has grown stronger under the leadership of the Emir HH Sheikh Tamim bin Hamad al Thani and Turkish President Recep Tayyip Erdogan.

He informed that Qatar has managed to maintain the same flow of products to its domestic market, in spite of blockade without any shortage. He said that Qatar’s natural resources led by gas exports played a huge part in supporting the economy.

“The Qatari economy will not be affected by the illegal measures taken by teh four countries.”

Qatar has successfully overcome the challenges facing export and trade activity through its seaport and airport, he added.

The minister told that the port has managed to find lines with a number of strategic ports around the world. He revealed that the contribution of the non-oil sector accounted for more than 70 percent of nominal GDP in 2016.

He said Qatari economy is open to huge investment in the field of food, logistics, sports tourism and health sectors.

Speaking about Turkish ties, he said that the two nations enjoyed fraternal ties and unique relations which has grown stronger over time. The relations have reflected positively on the volume of bilateral trade, which reached QR 2 billion, during the first half of 2017.

The minister said the meeting would contribute increasing in the volume of bilateral trade, facilitate the flow of Turkish goods and promote successful investment partnerships that will bolster the economies of both countries.

The minister and his Turkish counterpart Nihat Zeybekci discussed Turkish-Qatari agreement to increase trade and investment flow and facilitate commercial activity.

Qatar’s position at the WTO and its decision to lodge a formal complaint with WTO Dispute Settlement Body against countries that imposed sanctions on Qatar was also explained by the minister.

Around 100 businessmen from Qatar visited Turkey to promote trading activities between the two nations and also to assess investment opportunities and establish joint ventures in Qatar and Turkey.

The meetings and bilateral discussions resulted in the signing of a number of agreements between Qatari and Turkish companies.

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