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FINANCIAL NEWS
Qatar-France bilateral trade to hit USD4.5b in 2015
14 Jun 2015
(MENAFN) Qatar-France bilateral trade is expected to see a sharp jump this year to reach over USD4.5 billion, marking a triple-digit growth compared to USD1.68 billion in 2014, The Peninsula Qatar reported.
The increase expected in bilateral trade volume is attributed to the exports of civil and defence aircraft to the gulf country, according to a French Embassy official in Qatar.
France and Qatar last month signed a huge and strategic contract worth USD7.02 billion for the sale of 24 Rafale fighter jets, an accord French President Francois hailed.
“As a result of this strategic deal for Rafale our exports to Qatar is expected to double this year compared to 2014, which already registered over 30 percent growth,” French Ambassador to Qatar said.
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