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Qatar, US in push to enhance trade and investment


QNA
North Carolina
The increasing Qatar-US trade cooperation, and the ways to make it easier for businessmen to benefit from the investment-friendly climates in both the countries, were in focus at a panel discussion in Raleigh, North Carolina, on Friday.
The Ministry of Economy and Commerce (MEC) in cooperation with US-Qatar Business Council in Raleigh organised the panel discussion on how to establish and facilitate business and introduce the American business community.
Organised as part of the ministry's economic tour in the US, the meeting discussed topics such as how to develop export opportunities and trade with the US.
Director of Business Development and Investment Promotion Department at MEC Abdul Basset al Ajji said the ministry issued a comprehensive booklet in Arabic and English, containing all important information for investors like registration mechanisms and information on the commercial sectors. The booklet is issued on a regular basis, which will help the US and foreign investors to gauge the investment environment in Qatar and get familiar with the available opportunities, incentives and tax exemptions and laws.
Director of International Cooperation, Economic and Trade Agreements Department at the MEC Ahmed Ahen said a comprehensive guide will be issued in cooperation with the US-Qatar Business Council, Qatar Chamber, the Qatari Businessmen Association and private and government institutions related to this issue, and it will be available on a special website aiming to facilitate the establishment of business in Qatar and outline investment opportunities for foreign and American investors in particular.
Executive Director of the US-Qatari Business Council Mohamed Barakat said the Council is developing its work to keep abreast of the great progress in the strategic relationship between Qatar and the US.
Barakat said Qatari companies are always looking to understand the US market and important issues in investment and trade and how to deal with issues such as letters of credit and how to send goods and products to Qatar.
The council is also working to provide services and facilitate trade exchange between companies at all levels, whether small, medium or large companies, he added.
Barakat pointed out that there is cooperation with the US government institutions to remove any obstacles that US companies can face in the Qatari market or establish partnerships with national institutions, and facilitate the issuance of licences.
Some of them go on special missions at the expense of the US government to promote trade and increase income, which in turn reflected positively on the government and increase the tax return.
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