DOHA: Switzerland has set up a trade and investment promotion agency here to boost trade with Qatar. Known as OSEC, the move has been encouraged by the fact that the volume of trade between Switzerland and Qatar witnessed a phenomenal 33 percent growth between 2010 and 2011.
The volume of trade between the two countries has soared from QR1.5bn in 2010 to nearly QR2bn in 2011, said a senior official of Qatar’s Ministry of Business and Trade.
The ceremony to launch OSEC was held at St Regis Hotel yesterday.
The recently opened Switzerland embassy in Qatar organised a seminar in collaboration with Qatari Businessmen’s Association (QBA) and Qatar Chamber to discuss the trade and investment opportunities between the two countries.
“Our trade volume has gone up from QR1.5bn in 2010 to nearly QR2bn in 2011, which is below the level our ambition for both sides. We hope for a greater increase in future that meets our expectations,” said H E Sultan Rashid Al Khater, Under-secretary at the Ministry of Business and Trade.
http://thepeninsulaqatar.com/business/223990-switzerland-sets-up-investment-agency-in-qatar.html
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