World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Qatar: Further reforms would help sustain growth

Trade Policy Review: Qatar

Further reforms would help sustain already impressive economic growth

Qatar’s development strategy, together with high international crude prices since mid-1999, has resulted in an impressive economic performance in the past few years, with an average growth rate of around 9% over the period 1996-2003, according to a report on the trade policies and practices of Qatar published by the WTO Secretariat.

Despite Qatar’s diversification efforts, the economy is still dominated by oil and gas (56.1% of GDP, around 70% of public revenue, and almost 90% of total merchandise export earnings). Qatar has been implementing measures to improve its business and investment climate, with the objective of further attracting foreign direct investment. Nevertheless, foreign companies remain excluded from investing in certain key activities, such as banking, insurance and commercial services.

The report notes that Qatar’s market remains quite open despite the slight increase in protection following the implementation of the common external tariff of the Gulf Cooperation Council (GCC) of which Qatar is a member. It also stresses that the country needs to bring some elements of its trade regime more up to date and into greater conformity with WTO provisions. Continued reforms, including on tariffs and privatization, and further improvement of Qatar’s multilateral commitments, both on goods and services, would contribute to better resource allocation and increase the predictability of its trade regime.

© Scoop Media

World Headlines


Haiti: $5 Million To Kick-Start Aid In Wake Of Hurricane Matthew

UN emergency fund allocates $5 million to kick-start assistance in wake of Hurricane Matthew More>>


Not Helen Clark: António Guterres Favourite For Next UN Secretary-General

Former Portuguese Prime Minister António Guterres has emerged as the clear favourite to become the next United Nations Secretary-General following the sixth secret ballot held today by the UN Security Council, which is expected to take a formal decision tomorrow and forward Mr. Guterres’ name to the 193-Member General Assembly for final confirmation. More>>


Preliminary Results: MH17 Investigation Report

The Joint Investigation Team (JIT) is convinced of having obtained irrefutable evidence to establish that on 17 July 2014, flight MH-17 was shot down by a BUK missile from the 9M38-series. According to the JIT there is also evidence identifying the launch location that involves an agricultural field near Pervomaiskyi which, at the time, was controlled by pro-Russian fighters. More>>


At The UN: Paris Climate Agreement Moves Closer To Entry Into Force

The Paris Agreement on climate change moved closer toward entering into force in 2016 as 31 more countries joined the agreement today at a special event hosted by United Nations Secretary-General Ban Ki-moon. More>>



Gordon Campbell: On The End Game In Spain (And Other World News)

The coverage of international news seems almost entirely dependent on a random selection of whatever some overseas news agency happens to be carrying overnight... Here are a few interesting international stories that have largely flown beneath the radar this past week. More>>

Amnesty/Human Rights Watch: Appalling Abuse, Neglect Of Refugees On Nauru

Refugees and asylum seekers on Nauru, most of whom have been held there for three years, routinely face neglect by health workers and other service providers who have been hired by the Australian government, as well as frequent unpunished assaults by local Nauruans. More>>


Other Australian Detention

Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news