Sheikh Khalifa bin Jassim Al Thani (sitting front, right), Qatar Chamber’s Chairman who is also Head of the Protection of Competition and Prevent Monopolistic Practices Committee, attending the 2019 Global Forum on Competition held in Paris recently.
Qatar Chamber’s (QC) Chairman who is also Head of the Protection of Competition and Prevent Monopolistic Practices Committee Sheikh Khalifa bin Jassim Al Thani has stressed Qatar’s keenness on enhancing competitiveness and preventing monopoly in the commercial activity.
In a press statement on the sidelines of the 2019 Global Forum on Competition held in Paris recently, Sheikh Khalifa said that the country’s economic laws and legislations issued within the past few years contributed to boosting the investment climate and helped in transferring the state to a global centre for trade and investment.
He also said that Qatar issued in 2006 the law concerning protection of economic competition and prevention of monopoly practices to provide an appropriate legislative environment for economic developments and provide a mechanism of work to fight monopoly practices. It also aims to 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.
He pointed out that competition and anti-monopoly are key pillar of the free market economy, affirming that it secure the interests of consumer and producer.
“This enables consumers to get goods and services at lower prices and higher quality, white 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 forum brings together high-level officials from more than 100 competition authorities worldwide, including both Organization for Economic Cooperation and Development (OECD).
It 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.
The programme also included roundtable discussions, presentations from notable experts as well as peer reviews.
