in

Qatar and South Africa to sign important agreements this year

Doha: Qatar and South Africa are poised to sign 26 agreements this year to strengthen relations between the two countries, said Ambassador of Qatar to South Africa H E Tariq Ali Faraj Al Ansari.

“There are about 26 agreements and areas of cooperation between the two countries that will be signed during the fifth round of political consultations,” the Ambassador told Qatar Radio recently.

“Among these agreements is an understanding between the South Africa Chamber, the Qatari Businessmen Association, and the Qatar Chamber, about establishing a joint businessmen council to enhance trade exchange between the two countries and overcome import and export obstacles and others,” the Ambassador said.

He disclosed statistics over the last five years put trade volume between the two countries at $2bn. For cooperation between the two countries in different fields, the Ambassador emphasized that 6,500 South Africans residing in Qatar contribute to Qatar National Vision 2030 and its economic development.

“There are similar attitudes between Qatar and South Africa supporting Arab rights and solving conflicts in the African continent by peaceful means away from violence. There is preparation for the fifth bilateral consultation this year at the level of foreign ministers between the two countries to discuss many important economic issues. Several important economic issues will soon be discussed between the two countries in terms of economic diversification. 

“We have similar policies concerning the climate. We have signed agreements regarding the prevention of double taxation, investment promotion, and technical and commercial cooperation,” the Ambassador of Qatar to South Africa H E Tariq Ali Faraj Al Ansari said.

Recently, the Ambassador of South Africa to Qatar, H E Faizel Moosa said that the trade between Qatar and South Africa increased by 150 percent between 2019 and 2020.

The South African envoy said there are plans to negotiate with Qatar Airways to…

Read further.

Abu Dhabi hoping to welcome more live audiences after successful hosting of major sporting events

Broker tips: Travis Perkins, Ashtead, IAG