Qatar-Cyprus Joint Committee Meets in Doha

Doha, October 13 (QNA) - Qatar-Cyprus joint committee for economic and technical cooperation held today its first meeting in Doha. The meeting was chaired by HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani and Permanent Secretary of the Cyprus Directorate General for European Programs George Georghiou. During the meeting, the committee revewed the economic ties between both countries and ways to enhance cooperation in the areas of trade, investment, transport, agriculture and fishing, in addition to water resources, health, labor, postal services, education, culture and tourism. The two sides agreed to take the necessary measures to boost economic relations and increase trade exchange, including the flow of goods, services and investment between both states. They also reiterated the desire to further increase cooperation in activating the signed agreements and MoUs between them. HE the Minister of Economy and Commerce and the Permanent Secretary of the Cyprus Directorate General for European Programs signed the minute of the meeting. Qatar and Cyprus had concluded a number of trade agreements, including an agreement on economic and technical cooperation, another on promotion and protection of mutual investments, and the other on avoiding double taxation agreement. These agreements were signed in Nicosia in 2008. The volume of trade exchange between the State of Qatar and Cyprus was about QR 38 million in 2014, while the number of joint ventures between them reached 47 companies with a total capital of QR 23.9 million. (QNA)