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S Korea plans to increase trade with Qatar

DOHA, August 21, 2016

South Korea has revealed that plans are in the pipeline to send more trade missions to Qatar as part of initiatives to increase bilateral trade, said a report.

South Korea exported $674 million worth of heavy equipment, passenger cars, transformers, air conditioning units, electric generators, steel pipes and tubes, cellular phones, television sets, and tyres to Qatar in 2015, Korea Business Centre (Kotra) director general Jaehyun Shin, was quoted as saying in a Gulf Times report.

He added that during the same period, Qatar exported $16.4 billion worth of natural gas, petroleum, naphtha, aluminium ingot and scrap to South Korea.

Additionally, South Korean ambassador Heung Kyeong Park said that the impact of low oil prices had reduced the amount of trade between the two countries.

He noted that the embassy will send more trade delegations to Qatar to improve trade volume.




Tags: | Qatar | South Korea | Trade |

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