Ministry of Commerce and Industry
What is the role of the Ministry of Commerce and Industry? According to the ministry’s vision, it aims to build “a diversified economic landscape and self-reliant private sector within a competitive business environment aware of consumer rights as well as the responsibilities and obligations of the business community towards them.” This means working toward a mission that is able to lead viable and sustainable economic growth, not only within the private sector but also in partnership with a safe and fully enabled business environment in international markets the world over. This includes promoting the strict protection of consumers, as well as encouraging diversified investments and various policies that work together for the overall enhancement of commercial and industrial activities within the State.
With significant pillars such as service excellence, partnership collaborations, innovation and transparency, and an entrepreneurial mindset, the MOCI works toward national development by attracting investments and supporting exports. It also takes charge in regulating commercial activities and trade professions, as well as in aiding in the registration of investment and commercial establishments. The MOCI is also responsible for providing rules and regulations regarding issuance of licenses to help businesses carry out their regular day-to-day activities, as well as regulating and controlling various markets in industry sectors to promote healthy competition.
Along with these responsibilities, the MOCI must always take the necessary measures in order to protect consumers everywhere. It works hard to combat commercial fraud and to prevent any monopolies in various industries, as well as safeguard the intellectual property rights of businesses. It also spearheads initiatives that promote the development of existing industrial zones as well as new ones.
In line with this, the National Committee on Trade is tasked to cooperate with both the private and public sector to help in the role of the State in the World Trade Organization. It raises awareness to support the enhancement of the Qatari economy in line with sustainability efforts for the Qatar National Vision 2030. With this initiative, Qatari businessmen can make the most of the WTO agreement and be aware of their rights. It will assist them in conducting businesses for their own further enhancement and help them establish vital communication channels between the Committee and other bodies of government.
Because of the crucial role of the Ministry of Commerce and Industry in every business establishment’s regular operations, it is important to have a trusted business consultancy partner who will help you liaise with the ministry should you need to conduct official affairs with them. This not only includes submissions or applications on approvals and permits, but it also includes appeals and required paperwork needed to conduct smooth daily operations for your business in Qatar.
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Afreno is a Business Consultancy that draws on its long presence, over 10 years in fact, in the field of forming companies, while capitalizing on its impressive know-how at both local and international levels. This endeavor also extends to developing local partnerships and offering excellent opportunities in real estate.
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