The Inaugural Session of the Qatari-Turkish Joint Committee for Economic and Commercial Cooperation Convenes in Istanbul

February 09, 2024


His Excellency Sheikh Mohammed bin Hamad bin Qassim Al-Thani, Minister of Commerce and Industry, and His Excellency Dr. Ömer Bolat, Minister of Trade of the Republic of Türkiye, chaired the proceedings of the inaugural session of the Qatari-Turkish Joint Committee for Economic and Trade Cooperation, held in Istanbul.


H.E. the Minister of Commerce and Industry expressed his contentment in participating in this meeting, that addressed numerous topics of shared interest. He also shared that the outcomes of this meeting will contribute to enhancing the comprehensive strategic cooperation between the two countries.


Additionally, H.E. the Minister noted that the Qatari-Turkish strategic partnership sets an example in the map of bilateral and regional alliances. He added that this partnership gathers its strength from our long standing historical ties.


With regard to trade volume, H.E. the Minister highlighted that the global challenges and economic shifts serve as incentives to develop joint efforts aimed at increasing the volume of trade to levels, reflecting the potential available in both countries’ markets. He emphasized the commendable development in trade exchange, which rose by 16.7%, from $1.8 billion in 2021 to over $2.2 billion in 2022. He also expressed his aspirations for further advancements to strengthen cooperation mechanisms and capitalize on the opportunities available in diverse economic and investment sectors, achieving the mutual interests of the two allied nations.


During the proceedings of the Qatari-Turkish Joint Committee for Economic and Trade Cooperation, collaboration aspects across multiple sectors such as trade and investment, manufacturing, logistics services, IT, digital and financial services, food, agriculture, health services, and education were discussed.


In the end, both sides agreed to take the necessary steps to move forward in the strategy of consolidating trade and investment cooperation between the two countries, to increase the volume of trade exchange and facilitate the flow of goods, services, and investments.