Qatari-Moroccan Joint Business Council Discusses Enhancing Cooperation Relations

Doha, December 21 (QNA) - The Qatari Moroccan Joint Business Council discussed ways to enhance cooperation relations between the private sector in Qatar and Morocco, during the videoconference meeting held today. First Vice-chairman of the Qatar Chamber Mohamed bin Twar Al Kuwari and the Deputy General of the President of the General Confederation of Moroccan Enterprises Mahdi Al Tazi participated in the meeting. In his opening speech to the meeting, Al Kuwari stressed the need to activate the role of the joint Qatari Moroccan Business Council, and to strengthen cooperation between the private sector in the two brotherly countries, in a way that increases economic and commercial cooperation between the two countries and in a manner commensurate with the available capabilities and with the strong fraternal relations that combine Qatar and Morocco. The Qatar Chamber First Vice-chairman pointed out that Qatari Moroccan relations are witnessing increasing growth, especially in light of the tendency of the leaderships of the two countries to continue to strengthen them and to ensure their continuous development, as evidenced by the cooperation agreements signed between the two sides and the levels of growth in intra-trade, as well as joint investments. Al Kuwari added that the Qatari Moroccan Joint Supreme Committee, which holds periodic meetings every two years, contributes to strengthening bilateral economic relations and signing joint agreements in various fields, such as education, sports, media, agriculture, and housing amongst others. He explained that the role of the private sector is complementary to the government's role in promoting joint cooperation and building bridges of cooperation between Qatari and Moroccan companies, leading them to enter into partnerships and trade alliances, whether in Qatar or Morocco, contributing to the revitalization of bilateral trade. The Qatar Chamber First Vice-chairman added that despite the remarkable growth of trade exchange between Qatar and Morocco, which achieved 84 percent in 2021, reaching the level of QR 754 million, compared to QR 411 million in the previous year 2020, saying that "we still aspire to further growth compared to the capabilities available in both countries." Al Kuwari stressed the importance of activating the joint business council through exchanging visits and discussing all issues that contribute to developing cooperation relations between the private sector in the two countries and encouraging Qatari and Moroccan companies to establish joint alliances, noting that there are dozens of joint Qatari Moroccan companies that are active in the Qatari market. The Qatar Chamber First Vice-chairman said that the Qatari market can absorb more alliances and welcomes Moroccan companies wishing to invest in Qatar. For his part, the General Vice-President of the General Confederation of Moroccan Enterprises Mahdi Tazi stressed the importance of strengthening the role of the Joint Business Council in building profitable economic partnerships between the two sides, pointing to the keenness of both sides to achieve economic integration, pointing to the Moroccan private sector is fully prepared to work with its Qatari counterpart to achieve common goals. He pointed out that the General Confederation of Moroccan Enterprises, through the Joint Business Council, confirms its commitment to work with the Qatar Chamber to develop an action plan for the development of economic and trade cooperation between the two countries For his part, the Vice-President of the Qatari side in the Qatari Moroccan Joint Business Council Ismail Al Ansari said that the Joint Business Council will work to develop cooperation between the two sides and facilitate obstacles in front of Qatari and Moroccan companies towards strengthening partnerships and alliances. The President of the Moroccan side of the Qatari Moroccan Business Council Mohamed Beda said that the council will work on developing a strategy to enhance cooperation between the Qatari and Moroccan private sectors so that it will be the link between businessmen from the two countries. (QNA)