Qatar-France Trade Valued $2.5 bn in 2013-Minister of Economy and Trade

Doha, June 24 (QNA) -The volume of trade exchanges between Qatar and France hit $2.5 billion last year, showing an increase of 2% against 2012.

Addressing the Qatari-French Businessmen Forum in Paris, staged by the Ministry of Economy and Trade, HE the Minister of Economy and Trade Sheikh Ahmed Bin Jassim Bin Mohamed Al -Thani said the figures attested to the growth of trade and investment relationship between both countries.

In citing the forum as yet a fresh step in the partnership between Qatar and France, he recalled that relations between the two sides were the oldest with the EU, referring to an agreement on trade and investment signed in 1974.

A press release issued by the Ministry of Economy and Trade in Doha also quoted the minister as saying that there are 51 wholly French-owned companies in Qatar, besides 100 other companies jointly shared by both sides. This is added to other French investments in big petrochemical, oil and gas companies, which make Qatar the largest destination for French investments among the GCC countries.

France, he explained is the second recipient of Qatari investments in EU members, which hit $25 billion, apart from some $5 billion private investments. (MORE)

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