South Korea hosted the sixth session of the joint Qatari-Korean Supreme Strategic Committee, where aspects of cooperation in various priority sectors were reviewed.
HE Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al-Thani and HE Minister of Trade, Industry and Energy of the Republic of Korea Lee Chang-Yang chaired the sixth session between the State of Qatar and the Republic of Korea, which was held in the capital Seoul.
A statement by the ministry said that HE the Minister of Commerce and Industry praised during the meeting the progress made at the level of the committee, appreciating the results reached in areas of common interest.
His Excellency stressed the importance of bilateral cooperation as a guarantee to support the developmental orientations of both countries, pointing out that the State of Qatar views South Korea as a strategic partner in light of the elements that distinguish the two sides and the agreements and memorandums of understanding that were signed, calling in this context to strengthen cooperation between the Qatari and Korean business communities to benefit from the capabilities of the two countries and to build strong and solid partnerships that serves the aspirations of both sides in achieving progress, development and prosperity.
He also stressed the strength and durability of the economic relations between the two countries, and their future prospects, pointing out in this regard that South Korea is the third-largest trading partner of the State of Qatar, with trade volume that exceeded more than $14 billion in 2022.
During the work of the Qatari-Korean Supreme Committee, aspects of cooperation in various priority sectors were reviewed, and the two sides discussed the progress made in the recommendations of the Joint Technical Working Committee, as well as ways to enhance bilateral cooperation in various fields, including trade, investment, construction, infrastructure, agriculture, maritime transport, civil aviation, Health, education and information technology.
On the sidelines of the sixth session of the Qatari-Korean Joint Supreme Strategic Committee, HE Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al-Thani witnessed the signing ceremony of a number of memorandums of understanding between Qatar and Korea in the economic, trade and investment fields.
The memorandums of understanding signed between the two sides included the signing of a memorandum of understanding between the Ministry of Commerce and Industry and the Korean Intellectual Property Office, in addition to the signing of a memorandum of understanding between the Investment Promotion Agency in Qatar and its Korean counterpart KOTRA with the aim of developing joint cooperation between the two countries and discussing ways to enhance joint investments, and another memorandum of understanding with the Korean company NEXTON to enhance cooperation in the areas of smart agriculture and food security.
A number of Qatari entities and institutions participated in the Qatari-Korean Investment Forum, which was organized on the sidelines of the sixth session of the joint Qatari-Korean Supreme Strategic Committee.
The forum witnessed an opening speech by the Qatar Chamber, followed by a number of presentations by the Investment Promotion Agency in Qatar, the Qatar Free Zones Authority and the Qatar Science and Technology Park, highlighting the incentives and promising investment opportunities offered by the State of Qatar to foreign investors, in addition to Holding bilateral meetings between businessmen from both sides, during which ways of cooperation and joint projects were discussed, and mechanisms for long-term economic cooperation between Qatari and Korean companies were discussed.
Source: Qatar News Agency