Qatar, Philippines to sign investment pact
The Gulf state of Qatar and the Philippines are close to signing a bilateral agreement for promotion and protection of investment that aims to boost investments between the two countries, according to a statement by Philippine Ambassador to Qatar, Crescente R Relacion.
During the visit of the Qatar’s Emir Sheikh Hamad bin Khalifa Al Thani to the Philippines last year, a number of memoranda of understanding were signed including one on investment which included a plan to establish a $1 billion joint investment fund. With the signing af the agreement, this fund would now materialise, Relacion said.
It would assure both parties’ investments would be protected and thus encourage more investments from both sides, he added.
The Philippines have also opened a new embassy in Qatar’s capital Doha and have also set up a joint commission on labour matters, especially to discuss the issue of the $400 minimum wage for household service workers in Qatar.
[caption id="attachment_7371" align="alignleft" width="240"] Qatar's Emir Sheikh Hamad bin Khalifa Al Thani (left) with Philippines president Benigno Aquino at a visit to Manila last year[/caption] The Gulf state of Qatar and the Philippines are close to signing a bilateral agreement for promotion and protection of investment that aims to boost investments between the two countries, according to a statement by Philippine Ambassador to Qatar, Crescente R Relacion. During the visit of the Qatar's Emir Sheikh Hamad bin Khalifa Al Thani to the Philippines last year, a number of memoranda of understanding were signed including one on investment which included a...
The Gulf state of Qatar and the Philippines are close to signing a bilateral agreement for promotion and protection of investment that aims to boost investments between the two countries, according to a statement by Philippine Ambassador to Qatar, Crescente R Relacion.
During the visit of the Qatar’s Emir Sheikh Hamad bin Khalifa Al Thani to the Philippines last year, a number of memoranda of understanding were signed including one on investment which included a plan to establish a $1 billion joint investment fund. With the signing af the agreement, this fund would now materialise, Relacion said.
It would assure both parties’ investments would be protected and thus encourage more investments from both sides, he added.
The Philippines have also opened a new embassy in Qatar’s capital Doha and have also set up a joint commission on labour matters, especially to discuss the issue of the $400 minimum wage for household service workers in Qatar.
