Qatar Chamber (QC) and the Australian Chamber of Commerce and Industry (ACCI) have signed a memorandum of understanding (MoU) formalizing their commitment to improving trade and investment opportunities between both countries.
According to the agreement, the two chambers will collaborate to identify new and practical opportunities to strengthen business relationships between the two nations.
This will include exchanging data and information about the business, trade, investment, and economic conditions to facilitate cooperation and mutual understanding. It will also facilitate introductions between respective members to enhance trade and investment.
Furthermore, both chambers will leverage their shared memberships in the International Chamber of Commerce and the International Organization of Employers to advance the memorandum of understanding’s objectives.
Mohamed bin Ahmed bin Twar Al Kuwari First Vice Chairman Qatar Chamber
“The agreement represents a new phase of cooperation between both sides. It will promote economic and commercial cooperation among Qatari and Australian businessmen, thereby developing trade between the two countries. The agreement would enable business owners from both countries to explore the investment opportunities galore on both sides and streamline the establishment of joint ventures and mutual investments.”
ACCI vice-president Lyall Gorman said that, “I am delighted to see the commencement of a formal relationship between the Qatar Chamber and the Australian Chamber of Commerce and Industry. The opportunity for our two organizations to engage more fully for mutual benefit is significant. I look forward to the strategic dialogue between ACCI and QCCI expanding to develop a greater understanding of our respective cultures, economies, and countries to enhance economic activity, information exchange, and connectivity at all levels of business.”
“Both QCCI and ACCI are extremely progressive and highly regarded within their respective regions and I am confident that a high level of value exchange will emerge as a result of coming together under the umbrella of this MoU,” Gorman further added.
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