Qatar and Peru are exploring options to establish a joint ministerial committee for economic, commercial and technical cooperation as part of efforts to strengthen trade and economic relations between the two countries.
This, as well as other areas, came under discussions at the meeting of HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani with Roger Valencia, minister of foreign trade and tourism of Peru.
Discussions also touched upon a number of agreements to promote bilateral investment relations including an agreement on the mutual promotion and protection of investments and an agreement on the avoidance of double taxation.
In 2017, Qatari-Peruvian bilateral trade reached QR95mn. In 2013, Qatar and Peru signed an economic, trade and technical cooperation agreement, in addition to an agreement on legal cooperation and a memorandum of understanding (MoU in the field of education, higher education, scientific research as well as an MoU on mining).
Discussions also touched on several investment opportunities, particularly in the fields of mining and energy as well as hydropower, infrastructure and transportation projects.
The meeting was attended by Alberto Nico, chief executive of the Peruvian Private Investment Promotion Agency; Gustavo Otero, Director General for Africa and the Middle East at the Peruvian Ministry of Foreign Affairs; and Carlos Velasco, Peru's envoy to Qatar.
The Qatari delegation included Ali bin Hamad al-Sulaiti, Qatar's ambassador to Peru and Sheikh Faisal bin Thani al-Thani, director of the Investment Department at the Qatar Investment Authority.
