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FINANCIAL NEWS
Qatar, German trade reaches USD2.55b
19 Oct 2014
(MENAFN) The volume of trade between Qatar and Germany is expected to reach USD2.55 billion, due to the strong relationship between Qatar and Germany, in addition to the signed agreements for economic and commercial co-operation and for promotion and protection of investments between the two countries, Gulf Times reported.
The two countries said that they are both interested in strengthening their bilateral ties, particularly in the sectors of renewable energy and energy competency, the role of small and medium-sized enterprises in reviving economy, business and investment opportunities in Germany, and German international co-operation activities in Qatar.
The countries also said they are looking for ways to enhance economic and commercial ties between them, working to boost Qatar’s exports to the German market by stimulating commerce chambers in both countries, especially after 27 German companies, with 100 percent German ownership, in addition to 112 firms with joint Qatari-German capital being currently operational in Qatar.
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