Part 3/5:
Historical advancements in trade relations can largely be attributed to cooperation in the energy sector. Sheikh Tamim acknowledged the significant progress made last year, particularly with a strategic agreement focused on trade and mutual investments. Qatar has established itself as a primary energy partner for India, supplying 48% of its liquefied natural gas (LNG) imports.
As a part of this energizing collaboration, India exports various goods to Qatar, including copper, construction materials, cereals, vegetables, fruits, spices, machinery, textiles, chemicals, and precious stones. Both countries are determined to optimize their trade relationship further, aspiring to double their bilateral trade volume from $18.77 billion to $28 billion over the next five years.