H.E. Minister of Commerce and Industry meets with his South Korean counterpart

January 15, 2019

H.E. Mr. Ali bin Ahmad Al Kuwari, Minister of Commerce and Industry, met with H.E. Mr. Kim Hyun-chong, South Korea’s Minister of Trade, who is currently visiting Qatar.

Discussions touched on the promotion of bilateral relations between Qatar and South Korea as well as the development of joint cooperation, particularly in the fields of trade, investment and industry in addition to measures to enhance and develop ties between the two friendly countries.

Discussions also touched on the latest developments that the Qatari economy witnessed over the past years. Both sides reviewed investment opportunities across all sectors as well as the legislations adopted by the State and the initiatives launched to support the private sector, which will bolster foreign direct investments and attract an additional number of Korean companies to the Qatari market.

The meeting also focused on mechanisms to support joint investments and encourage the private sector to establish innovative investment projects across key sectors in line with the economic policies of both countries.

Qatar and South Korea enjoy close trade relations, which reflected positively on the volume of bilateral trade that amounted to nearly $12.5 billion during the first ten months of 2018, ranking South Korea as Qatar’s second largest trade partner.