The EU is also Qatar`s third largest trading partner and the largest import partner, with a cumulative volume of trade between the two years, reaching a record level of about $25.7 billion in 2011, before increasing to $21 billion in 2012 and $20.1 billion in 2013, according to EC data. EU imports from Qatar increased by 128.3% in 2010 to about $10.5 billion and increased by 71.5% in 2011 to about $18.9 billion. before falling 23.8% and 13.2% in 2012 and 2013 to $11.9 billion, but still more than three times as much as 2008 imports, which were about $4.3 billion. EU imports from Qatar reached $8.1 billion in 2013, or just over a quarter (26.3%) Corresponds. total imports this year. Qatar is negotiating other free trade agreements with the United States, Japan and Australia. Qatar has also signed economic agreements with France, Germany, Romania, China, Senegal, the Republic of India, Cuba, Switzerland, Finland and Turkey. FREE TRADE AGREEMENTS: Qatar has made considerable progress in recent years in signing and adhering to new free trade agreements. In July 2014, there was talk of the possibility of creating a common free trade area with Iran, while Qatari officials also met with the Turkish Ministry of Finance to discuss a possible free trade agreement in February of that year.
TRADE GROWTH: The European Commission (EC) reports that the total value of Qatari trade has steadily increased in recent years and increased by 32.1% in 2010 to reach $90 billion, 39.2% in 2011 to reach $131.4 billion and 23.8% in 2012 to reach $150.3 billion. Growth slowed somewhat in 2013, with total trade flows increasing by 1.3% to about $157.2 billion. The share of investment in GDP increased in the second quarter of 2014 to 30.4%, according to the Ministry of Development Planning and Statistics (MDPS). Qatar became a member of the WTO in 1996. Qatar`s average MFN tariff was 4.7% in 2012. Most import values are subject to tariffs of between 5% and 5%. As one of six members of the Gulf Cooperation Council (GCC), the country implements the common external tariff of the Gulf Cooperation Council (GCC). It maintains a limited number of tariff exemptions authorized by the GCC, such as alcohol (100%) tobacco (150%). In addition, religiously and politically sensitive products, such as pornographic material, narcotics and pork products, are considered prohibited imports. With regard to the trade agreement, Qatar is negotiating a free trade agreement with the EU under the GCC, despite having no preferential access to the EU market since January 2014 under the EU`s generalised preferences system.
The CCG-Singapore Free Trade Agreement (GSFTA), signed in 2008, came into force in September 2013. Qatar is also a member of the Arab Free Trade Area (GAFTA), which includes the six GCC states. The total value of FOB imports into the country increased by 8.5% in the second quarter of 2014 to QR 57.41 billion ($15.7 billion), compared to QR 52.9 billion ($14.5 billion) for the same period in 2013. The MDPS attributes this situation to the increase in imports of machinery and motor vehicles, as the government is advancing a large number of infrastructure projects under QNV 2030. The total value of imports amounted to 98.13 billion euros in 2013. QR98.13 billion ($26.9 billion), QR 29.2 billion ($8 billion) of industrial goods, 20.2 billion QR ($5.5 billion) in transportation equipment and 13.27 billion QR ($3.6 billion) in consumer goods.