The MoU was signed on the sidelines of the second edition of the China International Import Expo (CIIE) 2019 in Shanghai recently.
The Qatar Free Zones Authority (QFZA) signed a memorandum of understanding (MoU) with Lin-gang Special Area of Shanghai Free Trade Zone (FTZ) on the sidelines of the second edition of the China International Import Expo (CIIE) 2019 in Shanghai recently.
The MoU aims to expand co-operation between the two entities, including knowledge-sharing initiatives, investment promotion fairs and activities, and streamlined trade and customs procedures.
It builds on previous agreements with Chinese FTZs, as well as discussions in Doha between the QFZA and a visiting Shanghai delegation including the secretary general of the Standing Committee of Shanghai Municipal People’s Congress.
Upon an invitation from the Chinese Government, HE the Minister of State and Qatar Free Zones Authority Chairman Ahmad al-Sayed led a QFZA delegation to the China International Import Expo 2019 in Shanghai recently.
The exhibition was opened by Chinese President Xi Jinping and attended by a number of international leaders and CEOs of global companies.
As part of the visit, the delegation attended the Hongqiao International Economic Forum, which covered topics including free trade, e-commerce and the development of artificial intelligence.
QFZA delegation accompanied by Qatar’s ambassador to China Mohamed bin Abdullah al-Dehaimi met with Chen Yin, deputy mayor of the Shanghai government, and a wide range of leading Chinese technology companies in the fields of artificial intelligence and Internet of things (IoT) to help build smart cities.
“Meetings like these are closely aligned with QFZA’s mission to promote the development of smart cities in Qatar, including through deployment of smart technologies within Qatar Free Zones,” the QFZA said in a release on Wednesday.