Trade pacts, strong ICT and PPPs to make Qatar a global logistics hub: PwC

Trade pacts, strong ICT and PPPs to make Qatar a global logistics hub: PwC

Strong international and regional trade pacts could enhance Qatar's trade flows as Doha is poised to emerge as a logistics hub, PricewaterhouseCoopers has said.

Strong international and regional trade pacts could enhance Qatar's trade flows as Doha is poised to emerge as a logistics hub, PricewaterhouseCoopers, a global consultant, has said.This, along with continued investment in ICT (information, communication and technology) infrastructure and public private partnerships (PPPs), was outlined by PwC as it chalked the 'future-focus' strategy for Qatar."Setting out strategic bilateral agreements with key trading partners can open new avenues for exports and imports, further integrating Qatar into the global trade ecosystem," PwC said.By refining customs collaboration and cultivating strong trade agreements on both global and regional levels, Qatar can facilitate more fluid trade flows, it said."This strategy will boost efficiency and reliability in international commerce," the report added.Moreover, embracing global initiatives such as the World Trade Organisation and the Gulf Co-operation Council (GCC) common market, it said, Doha can streamline customs procedures, reduce trade barriers, and stimulate economic growth."By creating a balance between global aspirations, regional integration, and local economic development, Qatar can be poised to emerge as a comprehensive logistics hub, serving as a gateway to