The economic laws and legislations issued within the past few years contributed to the enhancement of Qatar’s investment climate, and helped transform the State into a global centre for trade and investment, a Qatar Chamber official has said.
Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, who is also head of the Committee to Protect Competition and Prevent Monopolistic Practices, stressed that Qatar is keen on enhancing competitiveness and preventing monopoly in commercial activities.
On the sidelines of the ‘2019 Global Forum on Competition’ held recently in Paris, Sheikh Khalifa said Qatar issued in 2006 a law on the protection of economic competition and prevention of monopoly to provide an appropriate legislative environment for economic developments and provide a mechanism to curb monopoly.
It also encourages free trade and integration in the global market, as well as upgrading domestic trade policies and systems with the aim to ensure the competition and prevent monopoly.
“This enables consumers to get goods and services at lower prices and higher quality, while it gives producers a greater opportunity to get their share from the market, in addition to enjoying the incentives it provides for the continuity of development and innovation, which helps them to expand their markets and move from local competition to global,” he noted.
The ‘2019 Global Forum on Competition’ discussed key topics on the global competition agenda. With a broad focus on development, the forum promotes a wider dialogue that encompasses the linkages between competition policy and other cornerstones of economic development.
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