Doha, November 06 (QNA)

Qatar and Argentine signed today an agreement on reciprocal encouragement and protection of investments.

Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, Minister of Economy and Commerce Qatar and visiting Argentine Vice President Marta Gabriela Michetti signed the agreement on behalf of their countries.

The reciprocal encouragement and protection of investments agreement aims to create a good investment climate between the two countries, establish favorable conditions for investments by investors of the two countries, and promote and protect those investments.

It is to note that bilateral trade between both the countries in 2015 was around US$ 181 million, which includes $ 147 million Qatari exports. Argentine stands on No. 38 as Qatar's trading partner.