Qatar-Australia economic ties strong amid pandemic: Envoy

January 20, 2021

Australia’s annual two-way goods and services trade with Qatar has remained strong amid the global pandemic at QR5.2 billion (AUD 2.08 billion), according to the Australian Bureau of Statistics.
The overall balance of trade registered QR510 million (AUD 204 million) surplus in Qatar’s favour. Qatar’s services exports to Australia increased by 5.5 percent to QAR2.03 billion (AUD 812 million).
Qatar has retained its place as Australia’s second-largest trading partner in the Middle East and North Africa (MENA) region. Australia remained Qatar’s twelfth largest source of merchandise imports.
Last year, Australia also welcomed Qatar’s Nebras Power taking a major stake in Australia’s energy sector, which is now the world’s third largest destination for investment in renewables.
Australian Ambassador to Qatar HE Jonathan Muir said, “These numbers are a sign of the strong economic partnership between Qatar and Australia. Despite the massive economic impact of the pandemic globally, the strong complementarity between our economies has kept the relationship delivering for both countries.”
“Australia was a major contributor to Qatar’s food security during this difficult time, supplying a large share of the country’s fresh meat and produce. Qatar’s strength in aviation services has played an important role in keeping Australian exporters connected with global markets. I thank our Qatari partners and the Australian companies here in Qatar who have contributed to this strong result,” Muir said.


finance & economy

finance & economy

Ali Bin Ali Holding’s iSpot opens ...
February 25, 2021
Despite COVID-19, pvt sector exports alm...
February 25, 2021
MOCI official meets with Uzbek Deputy FM
February 25, 2021