Doha, October 09 (QNA) - Qatari Businesswomen Association (QBWA) and the Greater Washington Hispanic Chamber of Commerce (GWHCC) signed Monday a memorandum of understanding (MoU) to encourage and facilitate economic cooperation between the two parties and to facilitate and promote small and medium enterprises in both Washington and Doha to increase trade and investment exchange between the two countries.

The MoU stipulated the exchange of information related to attractive investment opportunities in Qatar and Washington and facilitating the establishment of business, in addition to the exchange of experiences and technical cooperation between the two sides.

QBWA's Vice Chairperson Aisha Al Fardan represented the Qatari side while GWHCC's President and CEO Nicole Quiroga represented the US side in presence of members of both sides.

Board member of Qatari businessmen Association Saud Al Mana stressed the strength of the US-Qatari relations and the growth of trade exchange between the two countries, as he witnessed a significant increase in the recent period as a result of the increased interest of US companies in the Qatari market, and this is due to the good investment climate that Doha provides to the foreign investor.

Al Fardan said the US is an important trade partner for the State of Qatar and comes in second place in terms of exports to Doha, stressing that small and medium industries represent the backbone of the Qatari economic fabric. She added that QBWA is open to cooperate constructively and discuss new partnerships with members of the GWHCC.

Quiroga said that this is the GWHCC's first visit outside the Americas and she chose Doha as her first stop, given the good reputation that Qatar enjoys, especially after organizing the World Cup and its attractive business climate and advanced infrastructure.

(QNA)