Trade volume between Qatar and Lebanon registered a 48% growth to reach QR787mn in 2018 compared to the QR531mn recorded in 2017, said private sector leader Qatar Chamber in a statement on Sunday.
Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, in a meeting with a Lebanese delegation led by Lebanon’s Minister of Agriculture Dr Hussein al-Laqis, said Qatari imports from Lebanon have grown significantly after the blockade imposed on the country for nearly two years.
Sheikh Khalifa said there are 1,500 Qatari-Lebanese companies operating here in various economic sectors, as well as 29 Lebanese companies with full ownership operating in different sectors.
He also lauded the bilateral relations between the private sectors of both countries, stressing the keenness of the chamber to strengthen co-operation between Qatari companies and their Lebanese counterparts, especially in the field of agricultural and food products.
Sheikh Khalifa also discussed the potential of the Qatari private sector, which, he said, has managed to turn the challenges of the blockade into opportunities. He noted that all imports reached Qatar directly.
During the meeting, both sides reviewed economic and trade co-operation, discussed prospects for enhancing co-operation in the fields of investment and trade in agricultural and food products, and discussed ways to establish Qatari-Lebanese partnerships in these sectors.
Al-Laqis underscored the deep ties between Lebanon and Qatar in all fields, adding that there is a great interest from Lebanon to strengthen co-operation relations between businessmen of both countries, especially in the field of agricultural, animal products, and food industries.
He said the Lebanese government gives importance to foreign and Arab investments, pointing out that there are large facilities for foreign investors. He called on Qatari businessmen to identify investment opportunities in his country and to discuss the possibility of long-term partnerships with the Lebanese side.
Al-Laqis said the aim of the visit to Doha was to bring together farmers and agricultural companies from both countries, as well as to identify the obstacles that investors may face in the agricultural and food fields in the two countries.