Economy minister meets Singapore’s minister of Trade and Industry

HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani and Singapore’s Minister of Trade and Industry S Iswaran met on the sidelines of the ‘Qatar-Singapore Economic Forum’ in Singapore yesterday. The ministers highlighted friendly ties between Qatar and Singapore, and discussed the strengthening of bilateral ties in the economic, trade, and investment fields. Sheikh Ahmed highlighted the competitiveness of Qatar’s economy, business environment, and investment opportunities in Qatar. Singapore ranks as Qatar’s seventh largest trade partner, with a total of QR12.2bn ($3.4bn) worth of traded goods in 2016 or 3.8% of Qatar’s total trade exchange around the world. Qatari exports to Singapore amounted to approximately QR10.9bn ($3bn) in 2016, while the value of imports amounted to about QR1.3bn ($356mn).