Qatar Chamber and the Portuguese International Trade & Investment Agency (AICEP) recently signed a memorandum of understanding (MoU) to foster the development and diversification of commercial exchanges and economic co-operation.
The MoU was signed by Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari and AICEP chairman Filipe Santos Costa in the presence of Portuguese ambassador Paulo Neves Pocinho.
The agreement also aims to exchange economic information, co-operate in fairs, facilitate mutual visits, and organise joint meetings of businessmen to promote collaboration in business areas.
Al-Kuwari commended the relations between Qatar and Portugal, especially in economic and commercial areas, noting that the MoU aims to strengthen commercial co-operation between both parties, streamline procedures, and foster co-operation between businessmen from both countries.
He said there are many fields for co-operation between the Qatari and Portuguese private sectors, noting that bilateral trade volume in 2023 stood at QR370mn. Costa said Portugal has many investment opportunities in different sectors, especially in energy, petrochemicals, chemicals, and technology.