Ex­ports to Qatar in­crease 90 per­cent since block­ade

Daily Sabah (Turkey) - - Front Page -

TUR­KEY’S ex­ports to Qatar have in­creased 90 per­cent fol­low­ing the em­bargo im­posed by four Gulf coun­tries, reach­ing $216 mil­lion, from the $114 mil­lion last year dur­ing the June-Septem­ber pe­riod.

FOL­LOW­ING the em­bargo on Qatar led by Saudi Ara­bia and im­posed by four Gulf states in early June, Tur­key’s ex­ports to the coun­try in­creased 90 per­cent, ad­ding a new link to emerg­ing Turk­ish-Qatari eco­nomic re­la­tions. Last year, ex­ports to Qatar from June to Septem­ber was $114 mil­lion, and this year nearly dou­bling to $216 mil­lion.

The Aegean Ex­porters’ As­so­ci­a­tion (EİB) at­tended the Food and Con­sumer In­dus­tries Ex­hi­bi­tion (FCIE), or­ga­nized for the first time from Oct. 26 to Oct. 29, in Qatar’s cap­i­tal city Doha in or­der to pro­mote Turk­ish food prod­ucts, rep­re­sent Tur­key’s ex­port com­pa­nies, im­prove Tur­key’s cur­rent trade with Qatar and in­crease Turk­ish ex­ports.

EİB Co­or­di­na­tor Sabri Ün­lütürk said that Tur­key pro­vided the most sup­port af­ter the block­ade of Qatar was put into place, say­ing that food aid was de­liv­ered with a large num­ber of ves­sels and air cargo flights from İzmir. He con­tin­ued by say­ing that Qatar-Tur­key Busi­ness Fo­rum and Bi­lat­eral Busi­ness Talks was held in İzmir on Aug. 3 and saw the at­ten­dance of econ­omy min­is­ters and more than 300 busi­ness­peo­ple from the two coun­tries in col­lab­o­ra­tion with the Aegean Ex­porters’ As­so­ci­a­tion. He said that FCIE pro­vided an op­por­tu­nity for Turk­ish ex­ports to ex­pand bi­lat­eral trade vol­ume between the two coun­tries.

Not­ing that Qatar is the wealth­i­est coun­try in the world in terms of per capita in­come, Ün­lütürk said for the 2022 FIFA World Cup to be held in Qatar, $150 bil­lion worth of in­fra­struc­ture and con­struc­tion will be re­al­ized. This vast mar­ket of­fers Turk­ish con­trac­tors an op­por­tu­nity to in­crease their share in the coun­try, he said. Of the 250 largest con­trac­tors world­wide, 46 are Turk­ish firms, and Tur­key ranks sec­ond in the world af­ter China in this sec­tor, he con­tin­ued.

Ün­lütürk also said that Qatar’s food pro­duc­tion can only cover 10 per­cent of the coun­try’s do­mes­tic con­sump­tion. As food con­sump­tion is es­ti­mated to in­crease by 8 per­cent in 2019, he said im­ports cov­er­ing the large ma­jor­ity of food con­sump­tion and the high pur­chas­ing power of Qatari com­pa­nies are great ad­van­tages for Turk­ish food ex­porters. In that re­gard, he said the FCIE is ex­pected to open new op­por­tu­ni­ties for Turk­ish food ex­porters.

A to­tal of 91 com­pa­nies from eight coun­tries par­tic­i­pated in the FCIE, and Qatari Cham­ber of Com­merce Vice Chair­man Muhammed bin Ahmed bin Towar al-Kuwari, Tur­key’s am­bas­sador to Doha Fikret Özer and Bu­rak Güreşir, a com­mer­cial coun­sel­lor at the Turk­ish Em­bassy in Doha, were among the vis­i­tors to Tur­key’s info stand. In ad­di­tion to the EİB, the Dar­danel and Ex­eloo Food com­pa­nies from Tur­key also at­tended the ex­hi­bi­tion.

Ex­ports to Qatar reached $382.2 mil­lion from Jan­uary to Septem­ber this year while the amount of ex­ports to the coun­try stood at $296.9 mil­lion in the same pe­riod of 2016, an in­crease of 29 per­cent. Food ex­ports to Qatar in the first nine months of this year jumped from $57.5 mil­lion to $114 mil­lion, an in­crease of 98 per­cent com­pared to 2016. Aqua­cul­ture and an­i­mal prod­ucts led the way in Tur­key’s food ex­ports to Qatar at $38 mil­lion.

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