New Delhi: The economic affairs of India and Qatar were discussed by a Joint Working Group (JWG) in Doha on July 10. The meeting discussed ways to improve bilateral trade and investment cooperation, a PIB press release stated.
Both the countries agreed to expedite the process of concluding ongoing discussions on the bilateral memorandum of understanding (MoU) for food safety and cooperation. The JWG meeting was held by the officials of the departments of Commerce and other ministries of India and Qatar.
The meeting reviewed the progress of the ongoing discussions on the joint business council. The proposal to activate the Joint Business Council to carry out its assigned role in implementing the private sector’s trade and investment proposals was also discussed.
Both countries reviewed the recent developments in the bilateral trade and economic cooperation. They noted that the relationship between the two countries has the potential to improve further.
The joint working group identified several areas for enhancing bilateral trade, including gems and jewellery, cooperation between customs authorities, trade in local currency, pharmaceuticals, food processing and food security, and cooperation in MSME.
The JWG meeting was co-chaired by the Economic Advisor of the Department of Commerce of India and the Director of International Cooperation and Trade Agreements of the Ministry of Commerce and Industry of Qatar. The next meeting of the JWG will be held in New Delhi in 2025.