3rd Qatari-Hungarian JEC session deepens bilateral trade ties

By Arya M Nair, Official Reporter
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3rd session Qatari_Hungary Joint Economic Committee
Officials at the meeting

The third session of the Qatari-Hungarian Joint Economic Committee (JEC), hosted by Hungary, has seen discussions on developing mutual cooperation.

HE Sheikh Mohammed bin Hamad bin Qassim Al Thani, Minister of Commerce and Industry (MoCI), and HE Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, chaired the committee meeting, which was held in Budapest.

During the meeting, the Minister of Commerce and Industry praised the strong and notable relations between Qatar and Hungary, noting that these have grown steadily over the years and have been strengthened by the exchange of official visits between the two countries.

The Minister stated that the country has launched several initiatives aimed at attracting foreign direct investment (FDI) and international talents in various fields, including technology, infrastructure, health, trade, and investment, in line with the country’s goals of creating an enabling environment for the digital ecosystem.

HE Qassim Al Thani also emphasized the state’s commitment to maintaining the national economy’s sustainability and stability, as well as positioning Qatar as an attractive destination for foreign investors, expressing his desire to capitalize on the numerous investment opportunities available between the Qatari and Hungarian sides to improve collaboration across numerous sectors.

During the session, various aspects of cooperation in priority sectors were discussed, in addition to ways to strengthen bilateral cooperation in fields such as trade, investment, construction, infrastructure, agriculture, shipping, civil aviation, health, education and information technology.

It was agreed to consolidate cooperation between the two countries to increase trade exchange between them, and facilitate the flow of goods, services, and investments.

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