Monday 28 May 2018

Qatar tells stores to take Saudi products off their shelves


Qatar has ordered retailers to stop selling products from Saudi Arabia and other countries that severed ties with it almost a year ago. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain launched a political and commercial boycott of Qatar last June, accusing it of supporting terrorism. Qatar quickly turned to other countries like Turkey to help replace the supplies of food and other key imports that had suddenly been cut off.
But third parties have still been bringing some products from the boycotting nations to Qatar "through illegal channels," a source with knowledge of the situation told CNN on Sunday, declining to be identified because of the sensitivity of the matter.
The Qatari government said in a statement late Saturday that the directive to retailers to stop selling the products was intended to protect consumers and combat smuggling.
The tiny state's standoff with Saudi Arabia and the other Arab nations taking part in the boycott shows no sign of coming to an end. The Qatari government has strenuously denied the accusations of supporting terrorism.
After weathering the initial shock last year, the Qatari government says it has adapted to the new environment.
It was previously focused on economic integration within the Gulf Cooperation Council [GCC], a six-member trade bloc with a common market and customs union. Since the boycott it has sought to quickly diversify its trading relationships.
Qatar's energy wealth has helped it ride out the economic disruption. It's the world's leading exporter of liquified natural gas, accounting for about 30% of global demand. Japan, South Korea and India are among its biggest customers.

Source: CNN

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