A delegation of 18 American companies and over 30 US business executives took part in the “second US-Qatar Economic and Investment Dialogue” set up to open channels of communication between members of the business communities in both countries.
The US Chamber, as the organizer of the dialogue, worked in partnership with sponsors ConocoPhillips, Visa and Blue Rubicon. The success of the trade mission was marked by a closing lunch hosted by one of the event partners – the American Chamber of Commerce in Qatar.
The strong bilateral partnership is also evidenced by increasing trade volumes between US and Qatar, which have seen significant growth in recent years. The US is one of Qatar’s largest trade partners — Qatar’s imports from the US reached $3.3bn during the first half of 2016, an 87% increase from the same period last year. Moreover, the Qatar Investment Authority has renewed its commitment to invest over $35bn in US over the next five years.
“By organizing this delegation of top American companies to Qatar for the bilateral dialogue, the US Chamber is leading by action to strengthen and expand the vibrant commercial and investment relationship between our nations,” said Steve Lutes, executive director of the US-Qatar Business Program at the US Chamber.