Economy, Commerce Minister Urges Joint Work to Promote Global Economy Growth

Sarajevo, May 04 (QNA) - HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani called for supporting the World Bank's call to join international efforts to come up with initiatives that promote global economy growth. Speaking on Wednesday at the opening of the two-day Sarajevo Business Forum, currently underway in the Bosnian capital, HE the minister pointed to the current circumstances in global economy amid falling oil prices in emerging markets, declining growth rates, and a continuing trend of weak global economy recovery, which was evident in the International Monetary Fund's reduction of global economy growth projections to 3.2 percent in 2016 and 3.7 percent in 2017, a statement issued by the Ministry of Economy and Commerce said. HE Sheikh Ahmed bin Jassim highlighted the close ties between Qatar and Bosnia and Herzegovina, which deepened in the wake of the historic visit of HH the Emir Sheikh Tamim bin Hamad Al-Thani to the country this year. HE the minister called for promoting cooperation between the two countries in all fields, particularly in commerce and investment, activating ties between the private sector and businessmen from both sides, stressing his confidence that the current data indicate that bilateral cooperation is on the verge of a promising future in view of the possibilities and capabilities that distinguish the two sides. In this regard, he stressed the necessity of exerting more efforts to promote economic ties, expand and diversify the investment and commercial partnership, and prioritize investment in fields that adds to the economies of both countries. HE the minister of economy and commerce reviewed Qatar's economic diversification strategy that aim to achieve the Qatar National Vision 2030, which greatly contributed to supporting the vital economic sectors, notably the private sector. He added that Qatar has issued laws and legislations that helped in facilitating the procedures of practicing business in the country and provided an investment-attracting environment for the different economic ventures, pointing to the country's efforts in international commercial arbitration in order to protect local and foreign commercial entities. HE Sheikh Ahmed bin Jassim expressed hope that the Sarajevo Business Forum, held under the theme of 'One Region, One Economy' will help in finding mutual solutions for all economic challenges and benefiting from investment opportunities, including the partnership project between the public and private sectors so as to promote motivate the private sector to play a more effective role. Sarajevo Business Forum drew the participation of a number of senior dignitaries and decision makers of leaders, politicians, businessmen and executives from the Balkan region and the world. The forum is a major economic platform that allows for exploring investment opportunities in several economic sectors such as energy, education, agriculture and tourism. (QNA)