- Why Qatar?
- Legal System
- ICT Governance
- Charles Russell LLP
This guide is prepared by:
Charles Russell LLP
“Charles Russell LLP is a leading law firm based in London with regional and international offices providing a wide range of services to companies, institutions and indiviuals, both nationally and internationally.
The WTO published its Qatar Trade Policy Review, Report by the Secretariat in 2005.
Key points to note:
- Qatar has applied the GCC common external tariff since 1 January 2003.
- Qatar has never taken any anti-dumping, countervailing or safeguard actions and is yet to implement the WTO Agreement or Customs Valuation.
- Key industries such as energy, transport and telecommunications remain dominated by public companies. Some of these are sheltered from competition and represent a drain on public revenue.
- Agriculture has a decreasing share of GDP but is an important sector of the economy because of Qatar’s food security objective. Qatar is a net importer of agricultural products and food security is promoted through low customs tariffs.
- Qatar Petroleum, a state owned company, holds the monopoly for oil and natural gas.
- Qatar’s manufacturing sector is based on its comparative advantages in gas-intensive industries. The government of Qatar holds majority or significant shareholdings in major manufacturing companies in industries such as steel, cement and fertilizers.
- The services sector is dominated by several state owned companies, some of which are a monopoly or hold exclusive rights, such as telecommunications, postal services and air transport.
- Qatar is a strong supporter of a multilateral trading system, but should consider the potentially greater advantages of further market opening on a multilateral basis.