AIRLINK 73.18 Increased By ▲ 0.38 (0.52%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 29.95 Decreased By ▼ -0.57 (-1.87%)
DGKC 91.39 Increased By ▲ 5.44 (6.33%)
FCCL 23.15 Increased By ▲ 0.80 (3.58%)
FFBL 33.50 Increased By ▲ 0.28 (0.84%)
FFL 9.92 Increased By ▲ 0.14 (1.43%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.01 Decreased By ▼ -0.61 (-0.54%)
HUBC 136.28 Increased By ▲ 0.08 (0.06%)
HUMNL 9.60 Decreased By ▼ -0.43 (-4.29%)
KEL 4.78 Increased By ▲ 0.12 (2.58%)
KOSM 4.72 Increased By ▲ 0.32 (7.27%)
MLCF 39.89 Increased By ▲ 1.54 (4.02%)
OGDC 133.90 Increased By ▲ 0.50 (0.37%)
PAEL 28.85 Increased By ▲ 1.45 (5.29%)
PIAA 25.00 Increased By ▲ 0.24 (0.97%)
PIBTL 6.94 Increased By ▲ 0.39 (5.95%)
PPL 122.40 Increased By ▲ 1.19 (0.98%)
PRL 27.40 Increased By ▲ 0.25 (0.92%)
PTC 14.80 Increased By ▲ 0.91 (6.55%)
SEARL 60.40 No Change ▼ 0.00 (0%)
SNGP 70.29 Increased By ▲ 1.76 (2.57%)
SSGC 10.42 Increased By ▲ 0.09 (0.87%)
TELE 8.85 Decreased By ▼ -0.20 (-2.21%)
TPLP 11.32 Increased By ▲ 0.06 (0.53%)
TRG 66.57 Increased By ▲ 0.87 (1.32%)
UNITY 25.20 Decreased By ▼ -0.05 (-0.2%)
WTL 1.55 Increased By ▲ 0.05 (3.33%)
BR100 7,676 Increased By 42.9 (0.56%)
BR30 25,471 Increased By 298.6 (1.19%)
KSE100 73,086 Increased By 427.5 (0.59%)
KSE30 23,427 Increased By 44.5 (0.19%)

Qatar criticised the United Arab Emirates on Wednesday after the World Trade Organization agreed to investigate a complaint from Abu Dhabi over alleged trade restrictions on its goods. The UAE, whose complaint on Tuesday referred to a WTO dispute resolution panel, is enforcing a complete economic embargo of Qatar along with Saudi Arabia and other regional allies.
The Saudi-led bloc, which also includes Bahrain and Egypt, accuses Doha of supporting Islamist movements and backing Iran, a claim Qatar rejects. "On 28 January 2019, the United Arab Emirates requested consultations with Qatar concerning measures imposed by Qatar relating to importing, stocking, distribution, marketing, or sale of goods from the United Arab Emirates," the WTO said in a statement.
The United Arab Emirates said the measures it is challenging "appear to be inconnsistent" with WTO agreements But Qatar hit back on Wednesday saying in a statement that the "suffering borne by Emirati exporters" was because of the UAE's "coercive trade measures targeting Qatar and Qataris". Qatar ordered shops to remove goods originating from the Saudi-led alliance.
"Products originating from blockading states, which as a result of the blockade cannot pass the GCC customs territory, has to undergo proper import inspections and customs procedures," the government said at the time.
"Qatar conducts its trade policy in accordance with all of its multilateral and bilateral agreements." It was referring to the Gulf Cooperation Council, made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Since 2017, the UAE along with Saudi Arabia and its allies have enforced a boycott of Qatar including bans on shipping, trade, direct flights, overflight and land crossings.
"Qatar pointed out (to the WTO) that the alleged Qatari restrictions did not exist. Emirati exporters may be suffering because they cannot export to Qatar, but responsibility for that lies with the Emirati authorities," said the Qatari statement.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.