Qatar Chamber recently launched an initiative to assess the potential impact of implementing a carbon tax on the economies of the Gulf Cooperation Council (GCC) countries. The Chairman of Qatar Chamber, HE Sheikh Khalifa bin Jassim Al Thani, highlighted the importance of a consultative meeting among officials from the GCC states to advance economic integration in the region. During the meeting, he praised the support of the leaders of the Council for the private sector and its role in the development of the nation’s economy.
HE Sheikh Khalifa proposed conducting a study to evaluate the effects of a carbon tax on the economies of GCC countries, considering their heavy reliance on oil, gas, and hydrocarbon industries. He also pointed out that the European Union plans to impose a similar tax in 2026, targeting various exports from the Gulf region. The Chairman expressed his hope that the consultative meeting would result in recommendations to address economic challenges and strengthen the private sector’s involvement in the GCC economies.
The Qatar Chamber aims to enhance collaboration with GCC unions and chambers, as well as establish stronger partnerships between the private sector in Qatar and its counterparts in the Gulf countries. This cooperation is intended to boost trade and economic ties within the GCC region and elevate levels of intra-GCC trade. HE Sheikh Khalifa emphasized the importance of promoting economic and trade cooperation among the GCC countries to foster regional integration and support the role of the Federation of GCC Chambers.
In addition to the consultative meeting, HE Sheikh Khalifa participated in the Second Gulf Industrial Exhibition held at the Sheraton Doha Hotel, where he attended a ceremony honoring GCC manufacturers and inventors. The event provided an opportunity to showcase the industrial capabilities and innovations of the Gulf region, highlighting the importance of promoting economic activities and collaborations within the GCC countries. As Qatar Chamber continues its efforts to assess the impact of a carbon tax and strengthen economic ties in the region, the collaboration among the Gulf countries is crucial for achieving sustainable development and prosperity.
