The economy and trade ministers of Qatar and Indonesia witnessed the signing of several agreements on the sidelines of the Qatar-Indonesia Economic Forum, held in Jakarta yesterday.
HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani and Indonesia’s Minister of Trade Enggartiasto Lukita attended the signing ceremonies aimed at promoting cooperation between chambers of commerce and the exchanging of best practices and expertise on port management and operation.
The memorandum of understanding (MoU) between Qatar Chamber and the Indonesian Chamber of Commerce aims to enhance cooperation and promote the exchange of information and business opportunities between both the chambers, as well as the organisation of business-related fairs in both countries.
Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani and Indonesian Chamber of Commerce vice-president Erwin Aksa co-signed the MoU.
The MoU between Mwani Qatar and the Indonesian Port Authority will allow both the parties to exchange best practices and expertise on port management and operation, enhance communication and cooperation on promoting investment and innovative technologies, and join efforts to promote logistics, trade, and information exchange to enhance the ports’ capabilities in a bid to bolster the economies of both countries.
Hamad Port director Abdulaziz al-Yafei and Indonesia Port Authority director Spento R Arinto co-signed the MoU. A declaration of intent between Mwani Qatar and the Port Authority of Indonesia was also signed by al-Yafei and Pelindo I president director Bambang Eka Cahyana.
The MoUs will contribute to the development of trade and economic relations between Qatar and Indonesia, and enhance communication and cooperation between both nations’ private sectors. The MoUs will also contribute to the development of mechanisms and measures for the establishment of joint investment projects.
The Qatari-Indonesian Economic Forum marks an important milestone in the development of economic, investment, and trade cooperation between the two countries.
During the forum, the Ministry of Economy and Commerce (MEC) highlighted the advantages of investing in Qatar and outlined how Indonesia’s private sector can benefit from the incentives provided by the state to foreign investors.
The participants of the forum also discussed the importance of developing long-term economic cooperation mechanisms, enabling Qatari companies to draw lessons from the success of their Indonesian counterparts.
Figures provided by the MEC showed that total bilateral trade between Qatar and Indonesia amounted to approximately QR1.8bn ($493mn) in 2016.
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