Kenya Agreement with Qatar

Posted by on nov 23, 2022 in Okategoriserade | No Comments

Kenya and Qatar Sign Bilateral Agreements to Boost Economic and Diplomatic Relations

Kenya and Qatar have recently signed several bilateral agreements intended to strengthen their economic and diplomatic ties. The agreements were signed during a visit by Kenyan President Uhuru Kenyatta to Qatar, where he met with Qatari Emir Sheikh Tamim bin Hamad al-Thani.

One of the main agreements signed was the avoidance of double taxation agreement (DTA), which eliminates taxation on income earned by citizens of both countries in the other country. This will create incentives for businesses and investors to expand their operations in both Kenya and Qatar. The agreement also encourages the exchange of information between the two countries, which will help prevent tax evasion and other financial crimes.

The two countries also signed a memorandum of understanding (MoU) on political consultations, which will facilitate regular discussions between officials of both countries on regional and international issues affecting them. This will deepen their diplomatic relations and enable them to collaborate on matters of mutual interest, including peace and security in the region.

Furthermore, the two countries signed an agreement on air transport, which will facilitate direct flights between Kenya and Qatar. This will promote tourism and trade relations between the two countries, ensuring smoother and more convenient travel for businesses and individuals traveling between the two countries.

The agreement also provides for collaboration in the training and development of aviation personnel, which will improve the quality and safety of air transport services in both countries.

The visit by President Kenyatta also resulted in the signing of several business deals between Kenyan and Qatari companies. These deals are expected to create more investment opportunities for Kenyan and Qatari businesses, spur job creation, and enhance economic cooperation between the two countries.

In conclusion, the signing of these agreements represents an important milestone in the history of Kenya-Qatar relations. They are expected to have a positive impact on bilateral trade, investment, and diplomatic relations between the two countries. This will go a long way in enhancing economic growth and development, as well as regional stability and security.