Qatar, U.S. trade exchange rises to $6.47 billion in 2023

Qatar, U.S. seek to enhance cooperation in the commercial, investment and industrial sectors
Qatar, U.S. trade exchange rises to $6.47 billion in 2023
Qatar and U.S. discuss ways to support the private sector to boost innovation projects and investments

In a recent meeting with a U.S. delegation of the Chamber of Commerce, Qatar’s undersecretary of the ministry of commerce and industry, Mohammed bin Hassan Al Malki, revealed that the volume of trade exchange between the two countries increased in 2023 to $6.47 billion, with the U.S. being Qatar’s sixth trading partner.

Promoting investment and industry

During the meeting, Al Malki and the U.S. delegation discussed ways to promote cooperation between Qatar’s ministry of commerce and industry and the U.S. Chamber of Commerce in commercial, investment and industrial fields. Both parties shed light on the opportunities that increase trade exchange and bolster both nations’ economies.

Moreover, Qatar and the U.S. delved into the ways they can support joint investment and the private sector to boost innovation projects and investments.

Al Malki added that the recent strategic dialogue between Qatar and the U.S. in Washington DC has improved the long-term partnership between both countries. Moreover, he noted that the strategic dialogue serves as a crucial platform to enhance cooperation, address joint challenges, and explore new cooperation opportunities.

Furthermore, Al Malki highlighted Qatar’s 3rd National Development Strategy, stating that it aims to increase partnership and investment in sectors including manufacturing, logistics, IT, finance, agriculture, healthcare, and others.

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Increasing bilateral trade exchange

Speaking on the sidelines of the 4th Qatar Economic Forum, the US ambassador to Qatar, Timmy Davis, also expressed the U.S.’s desire to enhance cooperation and increase the volume of bilateral trade exchange.

Davis highlighted Qatar’s unique ability to invest and establish partnerships in the region. Moreover, he added that the presence of international giants such as Google, Amazon and Microsoft in Qatar affirms the country’s interest in technology, agriculture, cybersecurity, and artificial intelligence.

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