Qatar, Czech Republic Discuss Ways To Develop Relations| MENAFN.COM

Friday, 01 July 2022 02:37 GMT

Qatar, Czech Republic Discuss Ways To Develop Relations


(MENAFN- The Peninsula) The Peninsula

Doha: Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, met with H E Jozef Síkela, Minister of Industry and Trade of the Czech Republic, on the side-lines of his participation in the World Economic Forum 'Davos 2022', held in Switzerland, under the theme- History at a Turning Point: Government Policies and Business Strategies, from May 22 to 26.

The meeting saw discussions on ways to develop bilateral relations between the two nations in various fields. Moreover, the convening officials reviewed a number of issues of common interest aimed at strengthening cooperation in the sectors of trade, investment, and industry, in addition to exchanging views on the topics on the Forum's agenda.

Moreover, the Minister of Commerce and Industry highlighted the successful economic policies Qatar has put in place to support the private sector, and pointed out the incentives, legislations, and promising opportunities available in Qatar that are aimed at encouraging Czech investors, businessmen, and business owners to invest in Qatar. It is worth noting that the volume of trade exchange between the State of Qatar and the Czech Republic amounted to about $165.8m in 2021.

Earlier in the day, Minister of Commerce and Industry attended the opening ceremony of the World Economic Forum. 

This year, the forum sheds light on a number of important issues and topics under the slogan 'Preparing for the post-Covid era'. It tackles six main axes, including ways to: enhance global and regional cooperation; achieve economic recovery; build healthy and equitable societies; safeguard climate, food, and nature; lead the industry transformation; and harness the power of the Fourth Industrial Revolution.

About 2,500 leaders and experts from around the world will participate in this year's edition, including more than 50 heads of State and government, 1,250 leader from the private sector, and up to 100 global innovators and technology Pioneers.

Qatar participates annually in World Economic Forum meetings. The previous forum reports praised the State of Qatar's balanced economic performance, and its wise management of policies pertaining to macroeconomics and the efficiency of good and service markets. Moreover, the reports commended Qatar's initiatives aimed at providing a supportive environment for innovation, and motivating individuals and the private sector so they contribute to enhancing GDP growth to increase the national economy's strength and competitiveness.

Founded in 1971, the World Economic Forum is an independent international non-profit organization, headquartered in Geneva, Switzerland, and is entrusted with world development.

The forum meets annually in Davos, convening a large number of heads of State and government, senior government officials, and key influential businessmen in the global economy. This annual meeting aims to provide a platform for communication and exchange of ideas between the participants.

Additionally, it comprises an important opportunity to strengthen bilateral relations between various countries and international companies.

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