Published On: Sun, Jan 25th, 2015

Qatar Delegation to Davos Forum Reviews Qatar’s Efforts to Improve Competitiveness and Entrepreneurship

World Economic Forum

World Economic Forum

Qatar’s high-level delegation participating in the World Economic Forum has reviewed the great positive steps taken by the State of Qatar in the areas of entrepreneurship establishment and competitiveness improvement before a number of participants in the Forum’s 45th session, which ended in the Swiss city of Davos today.
The delegation, which comprises HE the Minister of Finance Ali Shareef Al Emadi, HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed Al-Thani, HE the Governor of Qatar Central Bank Sheikh Abdullah bin Saoud Al-Thani and HE the Chief Executive Officer of Qatar Investment Authority Sheikh Abdullah bin Mohamed bin Saud Al-Thani, reviewed with Executive Chairman of the Forum Professor Klaus Schwab, the importance of the World Economic Forum and the challenges facing the global and Arab economies.
Professor Schwab praised the importance of the strategic partnership with the State of Qatar and the role plays in the global economy and international cooperation, stressing the significance of Qatar’s regular participation in the World Economic Forum, especially after the remarkable progress and growth of the Qatari economy which was hailed by the competitiveness report issued by the Forum due to the balanced performance of the state and its judicious management of macroeconomic policies and the efficiency of the goods and services’ market.
The Qatari delegation also met with U.S. Secretary of Commerce Penny Pritzker to discuss ways of mutual cooperation, trade facilitation and promotion of relations between the two countries.
HE the Minister of Economy and Commerce discussed with Saudi Minister of Commerce and Industry Dr. Tawfiq Al-Fawzan Al-Rabiah at his residence in Davos bilateral relations in trade, economic and investment and ways to develop them in the light of the growing relations between the two countries reflected in the volume of trade between the two countries, which reached QAR 8 billion.

The World Economic Forum in Davos which its forty-fifth edition lasted for four days, is the biggest global economic forum, and is attended by a large number of heads of states and governments from the various world continents as well as economic decision makers from the public and private sectors, academics and representatives of civil society.

The forty-fifth session of the World Economic Forum held this year under the theme “The New Global Context”, was attended by more than 300 heads of states and governments and misters, in addition to more than 2,500 of senior economists from more than 140 countries around the world, as well as officials and experts from international and civil society organizations, academics and experts.

The Forum seeks to discuss political, economic, social and technological changes worldwide. It is viewed as an important platform through which concerns and problems of the world are discussed and is also considered a significant reference for economic reports.

The State of Qatar has assumed a prominent place in the reports issued by the Forum and ranked high on the competitiveness report which is one of the most important reports issued by the Forum. It came the 16th within the 144 participating states for 2014.

The Global Competitiveness Report 2014-2015 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity. The report remains the most comprehensive assessment of national competitiveness worldwide, providing a platform for dialogue between government, business and civil society about the actions required to improve economic prosperity. Competitiveness is defined as the set of institutions, policies and factors that determine the level of productivity of a country. The level of productivity, in turn, sets the level of prosperity that can be earned by an economy. assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity. The report remains the most comprehensive assessment of national competitiveness worldwide, providing a platform for dialogue between government, business and civil society about the actions required to improve economic prosperity. Competitiveness is defined as the set of institutions, policies and factors that determine the level of productivity of a country. The level of productivity, in turn, sets the level of prosperity that can be earned by an economy.

The World Economic Forum also publishes every two years, the Global Enabling Trade Report which assesses the quality of institutions, policies and services facilitating the free flow of goods over borders and to their destinations. At the core of the report, the Enabling Trade Index benchmarks the performance of 138 economies in four critical areas: market access; border administration; transport and communications infrastructure; and regulatory and business environment. As a widely used reference, the report helps economies integrate global value chains and companies into their investment decisions. It informs policy dialogue and provides a tool to monitor progress on certain aspects of global trade.

In the 2014 Global Enabling Trade Report access to markets was divided for the first time into two parts (domestic markets and foreign markets) and through this division the positive aspect of the State of Qatar, namely the facilitation of the entry of goods to its markets thus fulfilling its commitment to the World Trade Organization.

The Report praised the quality and availability of the transport infrastructure which rose 10 positions because of the availability of adequate transport services and the state’s development of a number of infrastructure projects which are under implementation.

Source : Qatar News Agency

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