The Ministry of Business and Trade pays a lot of attention to stimulate all sectors of economic activity; lay down the bases of economic freedom, fair competition and transparency; achieve commercial openness and enhance international cooperation. The Ministry works to prepare a favorable investment atmosphere to attract local and foreign capitals and increase the confidence of investors in the worth of the Qatari economy. It seeks to encourage the private sector and remove obstacles that oppose its marsh; simplify company establishment procedures; develop financing and insurance services and markets; protect the intellectual property, trade marks and patents and participate in international exhibitions and markets.
The Ministry of Business and
Trade is responsible to:
The Ministry also prepares the internal legislation for trade systems, supervises the conduct of economic and commercial activity and undertakes the conclusion of bilateral, regional and international commercial as well as economic cooperation agreements. The Ministry is composed of the following departments: Economic Affairs Department; Commercial Affairs Department; Specification, Measures And Consumer Protection Department; Administrative and Financial Affairs Department; Cooperation Department and Planning and Follow-Up Unit. Qatar became the 121st member in the General Agreement on Tariffs and Trade (GATT), presently known as the World Trade Organization (WTO).