Posted on December 14, 2016

A delegation of 18 American companies and over 30 U.S. business executives took part in the “2nd U.S.-Qatar Economic and Investment Dialogue” set up to open channels of communication between members of the business communities in both countries. The U.S. 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.

Robert Hager, Chairman of the American Chamber of Commerce in Qatar, said: “American companies bring with them a number of innovations and transferrable skills that would give Qatari companies a critical competitive advantage. Qatari companies can take advantage of these skills by setting up a number of partnerships and finding new ways of working together, a key point of discussion during the business mission. This is the type of commitment we already see from mission sponsors, energy company ConocoPhillips, financial services company Visa and reputation management consultancy Blue Rubicon, who have all set up thriving business in the country. We are looking forward to paving the way for future economic cooperation between the U.S. and Qatar.”

The strong bilateral partnership is also evidenced by increasing trade volumes between the U.S. and Qatar, which have seen significant growth in recent years. The U.S. is one of Qatar’s largest trade partners — Qatar’s imports from the U.S. reached $3.3 billion during the first half of 2016, a 87 percent increase from the same period last year. Moreover, the Qatar Investment Authority (QIA) has renewed its commitment to invest over $35 billion in the U.S. over the next five years. “The U.S. Chamber’s business mission is a great way to cap off 2016 and prepare for the coming year. By organizing this delegation of top American companies to Qatar for the bilateral dialogue, the U.S. 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 U.S.-Qatar Business Program at the U.S. Chamber.

Qatar and the U.S. inaugurated their first U.S.-Qatar Economic and Investment Dialogue in October of 2015, marking a milestone in the bilateral economic relationship between the two countries. The dialogue is intended as an annual forum for key decision makers to identify concrete steps to bolster financial, investment and economic relations.