QFC Discusses Global Trade at Davos
The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, addressed key issues on international trade and climate during a roundtable organised by the International Chamber of Commerce on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland.
Yousuf Mohamed Al-Jaida, CEO, QFC participated in the ICC discussion as part of an invitation by the ICC Qatar Chairman, Sheikh Khalifa bin Jassim Al-Thani. He was joined by other high-level officials and business representatives including Roberto Azevêdo, Director-General, World Trade Organization (WTO); John W.H. Denton AO, ICC Secretary General; Takehito Matsuo, Director General for Trade Policy (METI) in charge of G20 Japan; Sean Doherty, Head of International Trade and Investment, World Economic Forum, and others. The delegates discussed key issues facing the global trade ecosystem.
Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said:
"The global economy faces growing uncertainty due to fluctuating pressures across a variety of industries - this necessitates thoughtful discussion on the opportunities and challenges that lie ahead. We are pleased to take part in these discussions, as we recognise the growing importance of collectively addressing key issues affecting global trade."
The QFC is an onshore jurisdiction, which endeavours to promote Qatar as an attractive business destination. Companies that wish to establish a business at the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar. Firms registered at the QFC enjoy competitive benefits, such as working within a legal environment based on English common law, the right to trade in any currency, up to 100% foreign ownership, 100% repatriation of profits, 10% corporate tax on locally sourced profits, a nd an extensive double taxation avoidance agreement network with 70+ countries.