Qatar Chamber and Serbia Chamber of Commerce and Industry signed a memorandum of understanding (MoU) yesterday to establish a joint business council in the hope of increasing private sector co-operation and trade visits from both sides.
Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari and Jelena Jovanovic, the director of the Serbian chamber’s International Economic Relations Sector, signed the MoU in the presence of Qatar’s ambassador to Serbia, Sheikh Mubarak bin Fahad al-Thani, and his Serbian counterpart, Jasminko Pozderac.
Also present during the ceremony were Qatar Chamber board member Mohamed bin Ahmed al-Obaidli and members of a delegation representing 14 Serbian companies seeking trade alliances in Qatar.
In a speech, al-Kuwari said Qatar and Serbia enjoy “good and developing relations thanks to the interest and desire of both countries’ leaderships.” He said Qatar-Serbia trade volume stood at $26mn in 2018.
Al-Kuwari called on Qatari and Serbian companies to explore the business and investment opportunities available in both countries, and to build “genuine partnerships” to further promote and enhance trade exchange.
He also called Serbian companies to invest in Qatar and to benefit from incentives offered by the government, as well as the country’s attractive investment climate and legislative environment.
Jovanovic lauded the relationship shared by both countries, and noted that the MoU would help promote cooperation between Qatari and Serbian firms in various industrial sectors.
“This MoU will pave the way for a successful collaboration between both countries and achieve mutually beneficial business goals in near future,” she stressed.
Jovanovic also delivered a presentation about Serbia, which focused on the country’s economy and investment climate and opportunities, where the main sectors are services, industry, agriculture, and construction.
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