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H.E. Sheikh Ahmed bin Jassim bin Mohammed Al-Thani,  Minister of Economy and Commerce, and HE Mr. Enggartiasto Lukita, Indonesia’s Minister of Trade, attended the signing of two Memorandums of Understanding (MoUs) and a declaration of intent between Qatar Chamber, the Indonesian Chamber of Commerce, Mwani Qatar and the Indonesian Port Authority. The signing ceremony took place on Wednesday, October 18, 2017, on the sidelines of the Qatar-Indonesia Economic Forum organized by the Ministry of Economy and Commerce, in cooperation with the Ministry of Trade in Indonesia.
The MoU between Qatar Chamber and the Indonesian Chamber of Commerce aims at enhancing cooperation and promoting the exchange of information and business opportunities between Qatar Chamber and the Indonesian chamber of Commerce, as well as the organization of business-related fairs in both countries.
H.E. Sheikh Khalifa bin Jassim bin Mohammed Al Thani, Chairman of Qatar Chamber, and Mr. Erwin Aksa, Vice President of the Indonesian Chamber of Commerce, co-signed the MoU.
Meanwhile, the MoU between Mwani Qatar and the Indonesian Port Authority will allow both parties to exchange best practices and expertise on port management and operation, enhance communication and cooperation on promoting investment and innovative technologies, and join efforts to promote logistics, trade and information exchange to enhance the ports’ capabilities in a bid to bolster the economies of both countries.
Abdulaziz Al-Yafei, Director of Hamad Port, and Mr. Spento R. Arinto, Director of Indonesia’s Port Authority, co-signed the MoU.
A declaration of intent between Mwani Qatar and the Port Authority of Indonesia was also signed by Mr. Abdulaziz Al-Yafei, Director of Hamad Port in Qatar, and Mr. Bambang Eka Cahyana, President Director of Pelindo I.
The Memorandums of Understanding will contribute to the development of trade and economic relations between Qatar and Indonesia, and enhance communication and cooperation between both nations’ private sectors. The MoUs will also contribute to the development of mechanisms and measures for the establishment of joint investment projects.
The Qatari-Indonesian Economic Forum marks an important milestone in the development of economic, investment and trade cooperation between the two countries. During the forum, the Ministry of Economy and Commerce highlighted the advantages of investing in Qatar, and outlined how Indonesia’s private sector can benefit from the incentives provided by the state to foreign investors. Participants also discussed the importance of developing long-term economic cooperation mechanisms, enabling Qatari companies to draw lessons from the success of their Indonesian counterparts.
Total bilateral trade between Qatar and Indonesia amounted to approximately 1.8 billion Qatari riyals in 2016, the equivalent of 493 million US dollars.