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India, Qatar agree to enhance trade ties

Flags of India and Qatar.
Flags of India and Qatar.

India and Qatar have agreed to enhance trade ties between the two countries.

New Delhi, March 27/Nationalturk – In a significant development, India and Qatar have agreed to enhance trade ties between the two countries.

An official spokesman said 18-member Qatari delegation led by Sultan bin Rashid Al Khater, Under Secretary in the Ministry of Economy and Commerce, Government of Qatar visited Indian capital New Delhi on March 25 and 26.

He said the Qatari delegation held talks with a team of Indian officials led by Dr. Arvind Mayaram, Secretary Department of Economic Affairs (DEA), Ministry of Finance. “The Indian delegation also included India’s Ambassador to Qatar, and senior officials from Finance, External Affairs, Small and Medium Enterprises, Industrial Policy and Promotion, Disinvestment, Petroleum and Natural Gas, Fertilizers, Civil Aviation and Tourism ministries”.

He spokesman said both Qatari and Indian delegation  had cordial and productive discussions.

‘Both sides discussed issues of mutual interest’

The Indian official spokesman said both countries discussed issues and proposals of mutual interest in a number of sectors including investment; banking and finance; energy; petrochemicals and fertilizers; civil aviation and tourism. “Besides delegation level talks, bilateral meetings between counterparts from the two sides were also held.”

“Both sides shared the view that there is a vast potential to further strengthen trade cooperation. They have agreed to enhance trade ties. The two sides also agreed to actively follow up the discussions held during the visit of the Qatari delegation,” he said.

‘Qatar emerging as major powerhouse’

Qatar is emerging as a major powerhouse in Gulf and a rival to Saudi Arabia.

The visiting Qatari delegation also interacted with number of representatives of India’s corporate sector at business events organized by Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI).

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