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Qatar: Worlds
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The State of Qatar is a committed member of the World Trade Organization (WTO) and is fully integrated in the international free system of trade and economy. Qatar is ... a member of various international financing bodies. It levies no taxes on the individuals’ income and no fees on exports, whereas the fees on imports are very low and are estimated at 4 percent. Qatar is famous for its good banking sector, as there are no restrictions on transferring capitals abroad, which make the whole of Qatar a free trade zone through which investors can make large profits. The great transition in the process of economic development happened after issuing law No. (1) for the year 1980 regulating industry. This law provides for a lot of incentives for the local investors in the field of industry, in addition to the promotional incentives regulated by law No. (19) for the year 1995 which facilitates the process of obtaining industry licenses and unifies the executive bodies that grant promotional incentives.
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For the third time in Qatar, professionals and connaisseurs in the food art industry will have the opportunity to compete and show their savoir- faire and experience in the culinary world. The Diyafa ‘Salon Culinaire’ will be a unique opportunity for hospitality, food suppliers, catering companies to meet, witness and enjoy this event.
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After the introduction of the Japanese cultured pearl onto the world market in the 1920s and 1930s, Qatar's pearling industry faltered. However, the discovery of oil, beginning in the 1940s, completely transformed the state's economy. Now the country has a high standard of living, with many social services offered to its citizens and all the amenities of any modern state.
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In view of the great importance of foreign trade on the Economy of Qatar, export revenues are considered the main source of financing public expenditure and development in Qatar. Import is the only means to obtain various kinds of commodities. In 1994, Qatar acceded to “The General Agreement on Tariffs and Trade” (GATT) which is now known as the World Trade Organization.
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Qatar was formerly dominated by the Khalifa family of Bahrain. The peninsula became part of Turkey´s Ottoman Empire in 1872, but Turkish forces evacuated Qatar at the beginning of the First World War.
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Qatar has embarked on constructing the Public National Library on Doha Corniche over an area of 145,000 square meters. Talking of the project, Director of museums department at the National Council of Culture, Arts and Heritage Hussein Rajab told Qatarinfo.net that the library is one of the leading projects not only in the region, but worldwide. The design of the library is a master piece, he said.
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