Qatar seen playing a key role in China's Belt and Road plan

Qatar seen playing a key role in China's Belt and Road plan

Qatar, which has a superior position in the Middle East, has a key task to carry out in the Belt and Road Initiative, an advancement system received by the Chinese government including framework improvement and interests in Europe, Asia and Africa. 

"Qatar's situation in the locale causes it to assume an imperative job in the Belt and Road Initiative, particularly with its monetary and geological segments," said Gui Hanfeng, director of Global Economic Development Forum (GEDF), a worldwide stage to support co-activity and in addition financial, exchange and social co-appointment among countries. 

The announcement accept noteworthiness thinking about that the Qatar Chamber (QC) a year ago marked a reminder of comprehension with the China Council for the Promotion of International Trade to join the Silk Road Business Council. 

The nearness of delivery lines between the two nations adds to the development of monetary relations, and furthermore underpins speculation openings between them, he stated, including the 2022 FIFA World Cup and the Qatar National Vision 2030 make it a perfect domain for drawing in venture, which is relied upon to see improvement and thriving under these impetuses. 

Featuring that the past GEDF releases were held at China, Australia, Malaysia and Germany; Gui said the way that Doha was decided during the current year's meet demonstrates the quality of the relations among Qatar and China. 

Both Qatari and Chinese side Monday checked on the venture and monetary chances and the business condition accessible to them through B2B gatherings between agents from the two sides and members in the discussion. 

QC first bad habit director Mohamed container Towar al-Kuwari asked Chinese and Qatari organizations to profit by the empowering speculation atmosphere and the motivating force laws to expand the volume of co-activity and go into associations and undertakings, to exploit the Belt and Road Initiative, which means to resuscitate and bolster exchange among China and the Arab nations and re-fare to Europe. 

He said respective relations among Qatar and China have seen incredible advancement at all dimensions and in every aspect of political, monetary, social and sports co-activity since the foundation of strategic relations in 1988. 

Naming that China as a vital exchange accomplice of Qatar, al-Kuwari said the exchange trade between the two nations came to about $10.4bn in 2017 and that there are around 190 Qatari-Chinese organizations working in Doha with an aggregate capital of QR1.4bn. 

Qatar opened a year ago an inside for the settlement of exchanges in Chinese cash (renminbi), the first of its sort in the Middle East, notwithstanding the dispatch of the immediate transportation line between Hamad Port and Shanghai, to advance exchange and speculation, al-Kuwari called attention to. 

He focused on that the private segment in the two nations would assume a greater job later on of financial relations among Qatar and China, particularly in perspective of copious venture and business openings.