Thursday, 17 January 2019

Booming #Qatar- #Turkey trade to hit $2 billion for 2018 as Gulf rift drags on | Reuters

Booming Qatar-Turkey trade to hit $2 billion for 2018 as Gulf rift drags on | Reuters:

Trade between Qatar and Turkey is expected to have hit $2 billion in 2018, a Turkish official said, up 54 percent from the previous last year and underscoring Ankara’s solidified role as a top ally to Qatar amid a political rift in the Gulf region.

Ankara has emerged as one of Qatar’s top partners since a Saudi Arabia-led bloc launched a trade and diplomatic boycott of the tiny Gulf state in 2017, sending additional troops and food to shore up Qatar’s needs just after it began.

Saudi Arabia, United Arab Emirates, Bahrain, and Egypt accuse Qatar of supporting terrorism. Doha denies the charge and says the boycott aims to infringe on its sovereignty.

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