HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has participated in a panel discussion organised by the US Business Council for International Understanding.
The panel, which took place on the sidelines of the SelectUSA Investment Summit that was held from June 20 to 22 in Washington, DC, brought together a number of chairmen and CEOs of major US companies.
Sheikh Ahmed highlighted Qatar economy's “advantages” that made the country a leading investment destination. He referred to the measures taken by Qatar to encourage and attract investments, including the Foreign Investment Regulation Act, recently approved by the Council of Ministers, which would allow foreign ownership up to 100% in all sectors and support the entry of foreign investors into the Qatari market.
He pointed out that the “prudent” policies adopted by Qatar have helped stimulate various sectors and increase their productivity. This has positively impacted the national economy and achieved positive growth rates during the last one year.
The session discussed the latest developments in the two-way economic, trade and investment relationship between Qatar and the United States and means of developing them.
The BCIU members include a number of major US companies, investment funds, asset management companies and financial portfolios in the US.
Qatar and the United States have close economic and trade relationship, reflected positively on the volume of trade exchange between the two countries, which reached nearly QR21bn in 2017.
The United States of America is Qatar's biggest trading partner in terms of imports, being the source of 16.3% of the total imports of Qatar.