Qatar’s ties with emerging markets in Asia seen strengthening

Qatar’s ties with emerging markets in Asia seen strengthening:

Growth in the emerging market and the developing economies’ group is set to remain steady at 4.7% in 2018 and 2019. Among the emerging market and the developing economies, the growth prospects of many energy exporters have been lifted by higher oil prices, but growth was revised down for certain countries, reflecting country-specific factors, tighter financial conditions, geopolitical tensions, and higher oil import bills. 

Qatar and China mark the 30th anniversary of the official establishment of diplomatic relations between the two friendly countries. Trade volume between Qatar and China was at $10.6bn in 2017 on the strength of energy exports — namely natural gas — from Qatar, as well as Chinese shipments of electronics and building materials to Qatar.

Qatar is already the second largest supplier of LNG to China. The volume of LNG imports from Qatar is expected to rise substantially in the near future as the demand for energy is growing at a rapid pace in China. Chinese companies are looking to enter the Qatari market to tap the growing demand for various products and services.