Qatar Chamber signs deal with Chinese firm| MENAFN.COM

Friday, 28 January 2022 11:00 GMT

Qatar Chamber signs deal with Chinese firm

(MENAFN- The Peninsula) Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with other officials at the opening of Made In China Expo yesterday. Baher Amin

By Mohammad Shoeb

DOHA: The three-day high-profile ‘Made in China’ exhibition started here. The much-awaited event by the country’s private sector was formally opened by Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada.

About 100 Chinese companies from different sectors are showcasing their products and services at the exhibition which will conclude tomorrow at Doha Exhibition & Convention Centre. Some of the participating companies are Dongguan Xinxiang Metal Products Co Ltd Foshan group of companies Chaoan Jaidebao Ceramics Industry Co Ltd Chaozhou Kedali Porcelain Co Ltd and China Arab Purchase (Shanghai) Electronic Commerce Co Ltd.

Qatar Chamber (QC) the organiser of the event announced yesterday that it has signed an agreement with a Chinese e-procurement firm to facilitate trade between Qatar and China. Sheikh Khalifa bin Jassem bin Mohammed Al Thani Chairman of QC said: “Today we signed an agreement with a big Chinese company ZA-GO which will help establishing B2B (Business-to-Business) meetings between Chinese and Qatari businesses to accelerate bilateral trade.”

He said: “ZA-GO will be providing training consultancy and host of other services to Qatari companies that are planning to procure quality products in big volumes direct from the Chinese producers.

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The company will also help ensure effective and efficient delivery of goods door-to-door.”

The QC chairman also said that the Company has already established a big office in Barwa Commercial Avenue. “Any Qatari trader willing to buy Chinese products or equipment direct from the manufacturers ZA-GO will help it to search and buy it at guaranteed best prices” he added. “With the initiative we expect that the volume of trade between Qatar and China will increase further.”

QC Vice-Chairman Mohamed bin Ahmed bin Tawar Al Kuwari; Chinese Ambassador to Qatar Li Chen and several prominent businessmen and guests from both sides were present at the event. Registered in Shanghai Pilot Free Trade Zone ZA-GO is an online arm of China Arab Purchase (Shanghai) Electronic Commerce Co Ltd. It is a modern information service provider that specializes in internet and cross-border e-commerce.

Qatar is the first destination of ZA-GO’s outside China operation. With Qatar as the entry market and targeted towards other Arab countries in the Middle East the company commits itself to international trade and services in bulk commodities.

The core business of the firm revolves around online sales sourcing enquiries between Chinese and Arab enterprises corporate online procurement tendering bidding and security guaranty of online transition and financial settlements.

For the security guaranty of financial settlements the company has also roped in two major banks from Qatar and China Qatar National Bank and Postal Savings Bank of China (PSBC) respectively.

The PSBC was established in 2007 in accordance with the master plan of the State Council for financial system reforms following the reforms of the former postal savings management system . On January 21 2012 with the approval of the State Council and China Banking Regulatory Commission Postal Savings Bank of China a limited liability company was restructured in its entirety into PSBC Co Ltd.

“Through the cooperation of business organisations in Qatar Jordan the UAE Saudi Arabia Kuwait Lebanon and other Arab countries we are gradually developing local agents establishing many member service centres and providing China-Arab live video trading services sample exhibition services and direct supply services of local warehouses to fully satisfy business demands for cross-border procurement” added Lin Ziyuan President of China Arab Purchase (Shanghai) Electronic Commerce Co Ltd.

The Peninsula

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