GCC: Saudi Arabia, Kuwait, Emirates (UAE), Oman, and Bahrain.
Qatar has trade agreements (as a GCC Member) with China, South Korea, Australia, the EFTA, New Zealand, India, Thailand, the EU, Singapore and the MERCOSUR.
Qatar is the international financial centre of the Gulf region;
In 2001, Doha hosted the first ministerial-level meeting of the Doha
Round of the WTO;
Al- Jazeera (the leading international Arab media communication) headquarters are in Doha;
Qatar is a very open economy;
Petroleum, natural gas, and related industries make up most of the Qatari economy;
Qatar produces less than 1% of the world petroleum production;
Crude oil and liquefied natural gas account for 80% of the exports of Qatar;
Qatar, like other countries in the Gulf region, is being affected by the international financial and economic crisis, including by the decline in international demand for hydrocarbons, both in quantity and value.
International Trade of Qatar
Total Foreign Trade (imports + exports)
related to its GDP stands at 95%;
Main imports of Qatar: the EU, Japan, the U.S.,
Saudi Arabia, and South Korea;
Qatar Exports mainly to Japan, South Korea, Singapore, and the EU;
The largest Qatari export products are hydrocarbons (petrol and gas), fertilizers and chemicals, and steel products;
The largest Qatari imports are machinery, primary metals, cars and other means of transport, food, chemicals, and building materials;
In the States of Qatar is required to work with a Qatari import agent/distributor (natural or legal person) who has the exclusive distribution rights for Qatar.
Qatar is negotiating other Free Trade Agreements with the United
States, Japan, and Australia. Qatar also has signed economic agreements with France, Germany, Romania, China, Senegal, India, Cuba, Switzerland, Finland, and Turkey.
(c) EENI Global Business School (1995-2023)
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