(MENAFN - The Peninsula) Qatar will set up five sectoral commissions to support local companies to facilitate exports and participate in international trade and investments.
"We have decided to establish five commissions in different sectors which included energy, trade, banking, arbitration and company's social responsibility (CSR)," Remy Rowhani, Director General of Qatar Chamber said. "We already have some sectoral commissions such as for the banking sector, whose results are very encouraging. Now all the existing commissions will be revamped."
Rowhani, who is also the CEO of International Chamber of Commerce (ICC) Qatar, was speaking at a joint press conference with the Secretary General of ICC, Jean-Guy Carrier, and Stefano Bertasi, Executive Director for Policy and Business Practices at ICC, held to highlight the ICC's contribution in achieving the Bali Package at the WTO.
ICC Qatar, the representative office of the Paris-based ICC disclosed the achievements of the ICC World Trade Agenda, while illustrating plans to support Qatar's businesses at the ICC Qatar Annual Gala Dinner.
The Gala Dinner was held under the patronage of the Prime Minister and Minister of Interior, H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, along with hundreds of executives, and business and advocacy leaders.
The event was sponsored by Qatar Development Bank, as part of its mission to nurture and promote the private sector in Qatar.
Rowhani and Carrier shared their excitement over the 'Doha Victory' outcome in Bali, Indonesia, which has rekindled new hope to bring global trade negotiations out of a deadlock.
ICC Qatar, under the umbrella of Qatar Chamber, launched the ICC World Trade Agenda (WTA) in 2011 with the aim of stimulating the global economy by helping to move the 'Doha Round' of multilateral trade negotiations out of a 13-year stalemate. "If there's one thing that the 'Doha Victory' demonstrates, it is that global business can indeed unite and voice their concerns under an authoritative platform such as that of ICC to press governments towards better business climate," said Rowhani.
The WTA business priorities, which represents approximately 6.5 million companies in 130 countries, including Qatar, took two years to take shape, including several rounds of business consultations in various parts of the world and the WTA Summit held here in April 2013. Once the recommendations under WTA are fully implemented, the global trade volume is estimated to enhance by 1 trillion, and create 21 million jobs worldwide.
The success of the recommendations in the shape of the 'Doha Victory' has reignited confidence in the World Trade Organisation, whose 9th Ministerial Conference in Bali adopted a package of agreements which included agreements covering trade facilitation, food security, agriculture and other issues of interest to developing and least developed countries.
"The Bali agreements and in particular the agreement on trade facilitation represent a turning point for the WTO Doha Development Agenda and multilateralism," said Carrier.