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MENAFN - The Peninsula - 29/01/2014

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(MENAFN - The Peninsula) The Qatar-Bulgaria Joint Committee for Economic, Trade and Technical Cooperation began its second session here yesterday under the co-chairmanship of H E Sheikh Ahmed bin Jassim Al Thani, the Minister of Economy and Commerce, and Dragomir Stoynev, the Minister of Economy and Energy of Bulgaria.

Sheikh Ahmed bin Jassim highlighted the strong relations binding Qatar and Bulgaria, thanks to the wisdom of the leadership in both countries and their due and permanent keenness to expand the scopes of joint cooperation in the fields of economy, trade and investment in general, and at the level of the business sector in particular.

The Minister made clear that the signing of the economic and trade cooperation and technical cooperation between the two countries in 2009, with a previous agreement struck in 2007 on the encouragement and mutual protection of investments along with a number of agreements and memoranda of understanding have clearly showcased that the two countries possess huge potential allowing them to expand the areas of joint economic, trade and investment cooperation. But the two countries have been unable to fully and optimally exploit these potentials, he said.

Sheikh Ahmed bin Jassim voiced appreciation to tireless efforts exerted on part of the Bulgarian companies in Qatar in areas of engineering consultants, construction, advertising and publicity, hoping, in the meantime, for more contribution on part of the Bulgarian private sector to enhance the qatari economy.

Experts from both sides in various fields are to meet to discuss what have been achieved of the recommendations adopted by the Joint Committee at its first session which took place in April 2011.

These meetings aimed to discuss ways to enhance bilateral cooperation between the two countries in various fields, especially economic, trade, investment and technical cooperation for the benefit of both sides.

It is worth mentioning that the joint convention on the economic, trade and technical cooperation was signed in 2009 and which resulted in joint cooperation in many areas of mutual cooperation.

These included the areas of trade and investment cooperation through partnerships between businessmen in both countries, investment in real estate and energy, industry and agriculture, as well as cooperation in the field of banking and expand the scope of cooperation in tourism, transport and civil aviation.

 






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