Qatar Chamber proposes study on carbon tax implications for GCC economies

Doha: Qatar Chamber has launched an initiative to prepare a study to assess the impact of imposing a carbon tax on the economies of the Gulf Cooperati...

Doha: Qatar Chamber has launched an initiative to prepare a study to assess the impact of imposing a carbon tax on the economies of the Gulf Cooperation Council countries.

Chairman of Qatar Chamber, HE Sheikh Khalifa bin Jassim Al Thani emphasized the importance of the consultative meeting among Their Excellencies the Ministers of Commerce and Industry and the Heads of unions and chambers of commerce in the GCC states, highlighting its role in advancing Gulf economic integration.

He made these remarks during the recent consultative meeting held at the Sheraton Hotel.

During the meeting, Sheikh Khalifa praised the directives of Their Majesties and Highnesses, the leaders of the Council, to support the private sector and strengthen its pivotal role in the comprehensive development of our nations. He noted that this reflects their commitment to enhancing economic and trade cooperation among our countries.

He said that the Qatar Chamber proposes to conduct a study to assess the impact of imposing a carbon tax on the economies of GCC countries. He noted that Gulf economies rely primarily on oil, gas, and hydrocarbon industries, and that such a tax could therefore reduce the competitive advantage of Gulf exports.