Law reinforces investments in new projects

Posted By Morris On 08 Jan 2019 in Other Services

Law reinforces investments in new projects

Mr. Mohammed bin Ahmed bin Tawar Al Kuwari, First Deputy Chairman of the Qatar Chamber, praised the issuance of the law to support the competitiveness of national products and combat harmful practices in international trade, pointing out that it came at the right time, especially that the national product proved a great success and was able to meet the needs of the local market during the siege period Since June 7102. Bin Tuwar stressed that the national product needs to be united and support all efforts from all sides in the country. The private sector, thanks to the efforts and actions taken by the Government during the past period to establish several new industrial projects and expand the list in order to increase the local production of vital commodities, especially food and medicine, and achieved a strong presence in the local market and succeeded in entering foreign markets. He added that the issuance of the law to support the competitiveness of national products coincides with the current developments because the continuation of efforts to achieve self-sufficiency of vital products requires the protection of the national product against any practices that may hinder its development in the coming period. The law also reinforces investments with the aim of establishing new industrial projects to meet the needs of the local market Of national products. Bin Tuwar noted that the law includes the establishment of a committee to support the competitiveness of national products and combat harmful practices in international trade, which includes representatives of the elements with expertise in the WTO agreements and representatives of ministries and stakeholders. This is an important addition to the protection of the national product against any dumping practices. To occur both from within For dumping prices or the flow of large quantities into the market in a manner that is detrimental to national products.

He said that the State of Qatar has succeeded over the past period, and since the unjust siege in strengthening trade relations with various countries of the world, as the private sector has succeeded in continuing the flow of products to the Qatari market, inject new investments in industrial projects to provide the local market needs of the necessary products, it is important that The fact Qanuinh procedures to protect national products against dumping practices harmful to them and in international trade. Bin Touar expected a significant positive impact on increasing national production of goods and products and injecting investments into new projects during the coming period.


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