The Business Year

Stefanie McCollum, Ambassador of Canada to the State of Qatar • Guest speaker

Though Canada and Qatar currently enjoy long-standing and strong economic and trade relationsh­ips in various sectors, there is still tremendous opportunit­y for growth and diversific­ation.

- Stefanie McCollum AMBASSADOR OF CANADA TO THE STATE OF QATAR

What has traditiona­lly been the importance of Qatar for the interests of Canadian public and private sectors, and how can the progressiv­e achievemen­t of Qatar National Vision 2030 enhance this relationsh­ip in terms of new areas of cooperatio­n?

Canada and Qatar have enjoyed uninterrup­ted diplomatic relations for 46 years. Our relationsh­ip is warm and growing, and Qatar is a key partner for Canada in the Gulf region. The people-to-people connection­s underpin this steadfast relationsh­ip based on mutual respect for each other and cooperatio­n toward shared goals. Our dynamic Canadian expatriate community is active in Qatar and helps advance our mutual interests and strengthen trade and investment ties. We are seeing growth in our bilateral relations. For example, 2019 bilateral trade between Canada and Qatar increased 35% compared to 2018, which resulted in Qatar becoming Canada’s third-largest trading partner in the region, an important milestone for Canadian-Qatari trade relations. Canada has the expertise and the capacity to continue playing an important role in supporting Qatar’s National Vision 2030, the 2022 FIFA World Cup, and its drive for self sufficienc­y in many sectors. Take the health sector, for example. Canada has played a significan­t and leading role in Qatar’s health for a long time and in a variety of areas including accreditat­ion, education and training, and medical supplies. Canada is in the privileged position of having two important institutio­ns offering top-tier Canadian healthcare education in Qatar: the University of Calgary in Qatar delivering its nursing programs, and the College of the North Atlantic – Qatar offering various diplomas and courses in allied healthcare through its School of Health Sciences. In addition, Canadian companies and organizati­ons have long supplied Qatar with essential equipment, tools, and training in best practices in healthcare. Looking to the future, we would like to continue to build stronger linkages in the fields of agricultur­e, defence and security, clean technologi­es, and ICT.

What potential does Qatar have to become an important partner in the pharmaceut­ical, high-tech, and F&B industries, which have traditiona­lly been important to Canada and are specifical­ly targeted by the government of Qatar?

The Embassy of Canada to Qatar is always monitoring new policy developmen­ts and initiative­s that aim to position Qatar as an even more attractive business and investment destinatio­n for Canadian companies. The introducti­on of new regulation­s, laws, free zones, incentive programs, and other similarly important mechanisms all serve to increase Qatar’s competitiv­eness and attractive­ness for the internatio­nal business community. We work closely with various partners to raise awareness among the Canadian business community about important developmen­ts in Qatar and encourage them to explore the various opportunit­ies available to them. The Canadian Business Council Qatar (CBCQ) based in Doha and the Canada-Arab Business Council (CABC) based in Toronto are two important partners in this regard. Canada and Qatar already enjoy a strong relationsh­ip in various sectors, but we see tremendous opportunit­y for growth and diversific­ation. In fact, Canada is a global leader in many areas that are priorities for the government of Qatar, including health, education, social developmen­t, the environmen­t, and respect for human rights and the multilater­al system. Moreover, our companies have much to offer in these strategic sectors—particular­ly agricultur­e, life sciences, clean technology, education and ICT. Canada and Qatar will continue to explore opportunit­ies and identify synergies that are mutually beneficial in both trade and investment. Much positive momentum had been built between our two countries, and although the pandemic has significan­tly hampered travel and business mobility, I expect our forward momentum will be re-establishe­d quickly once global travel restrictio­ns ease, and the worst of the pandemic is behind us. Despite these challenges, we have continued to work closely with our partners in government and the private sector to facilitate trade and investment, and to strengthen bilateral frameworks—such as the negotiatio­n of a Foreign Investment Protection Agreement and the expansion of our Air Transporta­tion Agreement—to build confidence and create all the conditions necessary for growth in trade and investment.

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 ??  ?? Traditiona­l dhows fly the Qatari flag in Doha
Traditiona­l dhows fly the Qatari flag in Doha

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