The value of Iran’s non-oil export to Qatar increased by 24 percent during the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), as compared to the same period of time in the past year, the spokesperson for the Trade Development Committee of the House of Industry, Mining, and Trade announced.Ruhollah Latifi said that Iran exported non-oil commodities valued at $112.416 million to Qatar in the ten-month period.During a meeting between Iranian Finance and Economic Affairs Minister Abdolnaser Hemmati and Qatari Minister of Finance Ali Ahmed Al-Kuwari, on February 17, the two sides discussed the ways to expand the economic and financial relations between the two countries.The meeting was held on the sidelines of the AlUla Conference for Emerging Market Economies, held in AlUla city.The 10th Iran-Qatar Joint Economic Committee meeting concluded on December 12, 2024, in Doha, with officials from both nations pledging to enhance bilateral economic ties and increase trade to $1.0 billion annually.The meeting, co-chaired by Iran's Minister of Energy Abbas Ali-Abadi and Qatar's Minister of Commerce and Industry Sheikh Faisal bin Thani bin Faisal Al Thani, focused on expanding cooperation across multiple sectors, including energy, infrastructure, and trade.The event featured four specialized committees: Trade (covering commerce, banking, and insurance), Infrastructure (transport, agriculture, and ICT), Social and Cultural (tourism, health, and research), and Energy (water, electricity, oil, and gas). Over 60 representatives from public and private sectors of both countries participated in the discussions.Ali-Abadi emphasized the strategic importance of the partnership, saying, "Today's economic relations between Iran and Qatar require a strategic outlook." He noted that current trade between the two countries stands at approximately $200 million annually, with plans to increase it fivefold to $1 billion in the near future.The official further highlighted a significant energy project involving a 200-kilometer undersea power line to connect Iran and Qatar's electricity networks. Initiated in March 2023, the feasibility study is in its final stages, with implementation set to follow approval."This project will revolutionize power transfer between the two nations during peak demand periods and enable electricity transit to third countries," Ali-Abadi stated.He also expressed Iran's readiness to welcome Qatari investors, envisioning mutual investments of at least $1 billion annually. Key focus areas include energy, transport, free trade zones, tourism, healthcare, and agriculture.The Iran-Qatar Joint Economic Committee, established in 1995, has facilitated significant achievements, particularly in water and electricity sectors. The 10th session underlined both nations' commitment to translating agreements into tangible outcomes and fostering regional cooperation.At the end of the meeting, the two sides signed a comprehensive cooperation document to determine the framework of cooperation in the coming year.Speaking in an online meeting with Saleh Alkhulaifi, the deputy Industry and Commerce minister of Qatar, in late November 2024, Mohammad-Ali Dehghan Dehnavi, the head of Iran’s Trade Promotion Organization (TPO), said that Iran seeks to reach one billion dollars in annual trade with Qatar.Referring to the extensive political and cultural relations between the two countries, Dehghan Dehnavi said: "Despite the efforts of both sides, economic relations between Tehran and Doha have not reached the desired level."“Fruits and food products are Iran’s top exported items to Qatar, and it cannot be expected that the trade between the two countries will exceed one billion dollars with the export of such products, the official said.According to the TPO head, the challenges in developing trade with Qatar are clear, and Iran is trying to increase the volume of trade with Qatar by developing a well-considered and coherent work plan.Alkhulaifi for his part stated that the strict customs regulations in Qatar affect all countries, saying: "We will work to expedite the clearance of Iranian goods from Qatari ports and issue visas to Iranian businessmen, and we hope that the prospect of a billion-dollar trade between the two countries will be realized in the near future." (ICE TEHERAN)

Fonte notizia: Tehran Times