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Qatar-China trade jumps 27% to reach QR49.2 bn

Qatar’s partnership with China serves as a model for its foreign relations, marking more than three decades of bilateral cooperation, Minister of Commerce and Industry HE Ali bin Ahmed al Kuwari has said. “Growing bilateral trade and investments reflect the strength of Qatari-Chinese economic relations,” Kuwari said, adding that bilateral trade reached QR 49.22 billion in 2018, an increase of 27.08 percent compared to 2017.
“Today, China ranks as Qatar’s third-largest trading partner and accounts for 11.65 percent of its total trade volume,” he added. Kuwari said over 265 Chinese companies and representative offices have established a presence in Qatar. (TNN)