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Qatar Chamber Explores Strengthening Trade Ties with Argentina

by Swati Gupta

September 11, 2023 7

Qatar Chamber’s Second Vice Chairman, Rashid bin Hamad Al Athba, recently engaged in discussions with H E Ramiro Ordoqui, Undersecretary for Multilateral and Bilateral Economic Negotiation at the Ministry of Foreign Affairs and International Trade in the Republic of Argentina. The meeting, also graced by the presence of H E Guillermo Nicolas, the Ambassador of the Republic of Argentina to the State of Qatar, focused on enhancing economic and commercial cooperation between the two nations, with a particular emphasis on fostering collaboration between Qatari and Argentine companies across diverse sectors.

During the dialogue, both officials acknowledged the existing robust ties between Qatar and Argentina, encompassing economic and political dimensions. Al Athba, in his remarks, underscored the need to bolster trade relations, recognizing that the current volume of trade between the two countries falls below anticipated levels. He expressed optimism regarding substantial growth in the years ahead.

Al Athba additionally highlighted Qatar’s open invitation to global investments, citing the nation’s world-class infrastructure and attractive legal framework as factors that entice foreign investments. He conveyed a keen interest in welcoming more Argentinean companies to Qatar, emphasizing the potential benefits of such partnerships.

Furthermore, Al Athba affirmed Qatar Chamber’s readiness to facilitate trade delegations between Qatar and Argentina, offer insights into Qatar’s investment climate and sectors ripe for cooperation, and extend support to investors in identifying local collaborators.

In response, HE Ramiro Ordoqui commended the longstanding relations between Qatar and Argentina, drawing attention to positive indications of trade advancement between the two nations. He underscored Argentina’s role as an exporter of various goods, particularly agricultural products and foodstuffs, with agricultural exports constituting a substantial 40 percent of Argentina’s total exports.

Ordoqui also pointed out the close collaboration between the chambers of commerce in both countries, emphasizing that this partnership will streamline cooperation between private sector entities in Qatar and Argentina. This collaborative effort is expected to facilitate the establishment of fresh joint ventures and partnerships, fostering greater economic synergy.

The meeting between Qatar Chamber’s Second Vice Chairman and the Argentine delegation highlights the shared commitment to elevating the economic ties between Qatar and Argentina to new heights. As both nations seek to diversify their economies and explore fresh avenues of collaboration, the potential for enhanced trade and investment cooperation remains promising.

Qatar’s reputation as an attractive destination for foreign investments continues to grow, supported by its strategic location, cutting-edge infrastructure, and business-friendly regulations. By extending a warm welcome to Argentinean companies and offering avenues for collaboration, Qatar aims to tap into Argentina’s strengths in agriculture and food exports while fostering a climate of mutual benefit.

In conclusion, the discussions held between Qatar Chamber and the Argentine delegation signal a strong desire to strengthen bilateral trade relations and create opportunities for businesses from both nations to thrive. As the global economy evolves, such partnerships are crucial in facilitating economic growth, diversification, and resilience. Qatar’s commitment to providing an open and conducive environment for international investors aligns with its vision for sustainable economic development, and it is eager to further collaborate with Argentina to achieve shared goals and mutual prosperity.