Qatar and Italy commerce quantity for the previous yr amounted to virtually €8bn, a rise of 120.5 p.c in comparison with 2021.

Italian Ambassador to Qatar, H E Paolo Toschi, talking at a press convention, attributed the rise in bilateral commerce to the sturdy ties between the 2 nations. 

“We’re very enthusiastic in regards to the alternatives that the 2 nations have, as a result of there’s a nice complementarity between our industries and there’s an ideal complementarity between our folks.”

The envoy stated that they outperformed the bilateral commerce year-on-year in 2021, which is an effective indication of Qatar and Italy’s relationship.

Italian Commerce Company, Commerce Commissioner for Qatar and Bahrain, Paola Lisi informed The Peninsula that the €7.83bn commerce quantity quantity is from the primary 11 months of the yr 2022. “This is a rise of 120.5 p.c in comparison with the identical interval in 2021, in accordance with information from the Italian Nationwide Statistical Institute.”

“In 2021, the worth of the commerce exceeded €4bn for the primary time. Italy ranks fourth within the listing of Qatar’s provider nations and eighth within the listing of buyer nations,” she added. Main Italian exports to Qatar are equipment, furnishings, automobiles, trend, jewelry, prescribed drugs, and meals merchandise. Qatar exports fuels, plastics, chemical substances, treasured stones and different merchandise to Italy. Lisi added: “We imagine that there are nonetheless additional nice alternatives to extend industrial and industrial cooperation between our nations in all productive sectors.”

She had beforehand stated that as a result of Qatar’s economic system is powerful in power and infrastructure, there are a number of alternatives rising in new industries.

Presently, there’s a regular rise in areas like luxurious items, meals, and beverage.

On a aspect word, Ambassador Toschi additionally recommended Qatar because the world’s most secure nation. 

“I feel it’s a sworn statement to the numerous investments which have been made right here to make town protected, pleasant and open. It’s a metropolis that I personally and my household have the pleasure to take pleasure in, within the museums, parks, public areas, and I’m assured that additionally because of the re-opening of the cruise enterprise from Italy, many Italian vacationers will take pleasure in [travelling to Qatar].”