Business
ICC Qatar holds 1st ‘Customs & Trade Facilitation Commission’ meeting
March 12, 2024 | 07:41 PM
The International Chamber of Commerce Qatar (ICC Qatar) recently held the first meeting of its newly launched ‘Customs & Trade Facilitation Commission’.The meeting was co-chaired by Hussam Alkokhon, head of Trade Finance at CQUR Bank and the newly appointed chairman of the commission, alongside Qatar Chamber board member Ali bin Abdullatif al-Misnad, who is also the newly appointed vice-chairman of the commission.The meeting, which was convened at the chamber’s headquarters, gathered participants from different sectors of the business community. It identified and explored opportunities to enhance customs and trade facilitation mechanisms and practices.In his remarks, al-Misnad said: "I am optimistic that our collective expertise and dedication can significantly impact and develop the customs and trade facilitation practices in Qatar nationally and internationally."With over 38 years of experience in various leadership roles, I am committed to fostering collaboration and driving positive change within our industries to essentially make trade simpler, uplift the State of Qatar in standing internationally, and most importantly, develop more efficient and productive trade practices for the benefit of Qatar's private sector to be in line with Qatar Vision 2030."Alkokhon added: "We are committed to supporting Qatar’s National Digital Strategy, leveraging technology and digital solutions to modernise and optimise trade processes for the benefit of all stakeholders."During the event, the participants shared valuable insights on the World Trade Organisation Harmonised System (WTO HS) codes and how it is implemented in Qatar, the UN Commission on International Trade Law’s (UNCITRAL) Model Law on Electronic Transferable Records (MLETR) and its impact on digitalisation, and how do companies follow and apply environmental, social, and corporate governance (ESG).They also shared several local challenges facing the sector. During the meeting, al-Misnad recommended the sending of letters to the concerned governmental and semi-governmental authorities to address such challenges.
March 12, 2024 | 07:41 PM