DOHA: The Qatari Businessmen Association (QBA) hosted a Paraguayan delegation headed by Gustavo Leite, Minister of Industry and Trade, Oscar Vicente, Minister and Economic Advisor to the President of Paraguay and his accompanying delegation with the presence of Angel Barchini, Ambassador of Paraguay to Qatar.
Sheikh Faisal bin Qassim, QBA Chairman welcomed the distinguished guests, emphasising on the importance of cooperation between the two countries to open channels and avail opportunities for partnership between the public and private sectors in both Qatar and Paraguay.
Sheikh Faisal said due to the large development of the transportation sector, it is easy to build bridges between countries regardless of the geographical distance and he also stressed on the importance of the success of the first common project as it will constitute a good marketing tool for other investors to come.
Gustavo Leite spoke about the potential cooperation and trade exchange with Paraguay, especially in the food sector, poultry, grains, referring to the importance of food security and the presence of a constant demand for the product of good food in the world, and added, “We do not see the partnership between Qatar and Paraguay confined its activity in our two markets only, but we aspire for major partnerships beyond the borders of the two countries to reach the world,”.
Gustavo announced the visit of the President of Paraguay to Qatar early next year, which aims to strengthen cooperation with the Qatari side and support economic partnership plans. The parties also discussed how to benefit from each other’s experiences in various sectors and the possibility of building joint factories and also to work on attracting investors to invest in Doha.
Paraguay has a high ROI rate that reaches 30 percent as well as a flat tax of 10 percent with the submission of the State for a number of incentives such as a tax free system for the first five years of any project so as to attract more projects to the country.
The Peninsula
