Monday, 7 March 2011

Exclusive dealerships likely to go

If the government has its way, exclusive dealerships might not remain a preserve of Qatari companies any more.

Plans are afoot to open up protected dealership trade to foreign competition to ensure that the prices of durables (including, perhaps, automobiles) and other key imports come down to rational levels. Exclusive dealerships are so far a monopoly of Qatari companies and the law (Number 13 of 2000) regulating the trade forbids non-Qatari investment in the sector.

But the Ministry of Business and Trade is quite enthusiastic to permit non-Qatari investment in the sector and has, thus, proposed amendments to some key articles of the above law.

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