74865
UAE Blocks Qatar Complaint at WTO
UAE Blocks Qatar Complaint at WTO

UAE Blocks Qatar Complaint at WTO

UAE Blocks Qatar Complaint at WTO

The United Arab Emirates on Monday blocked a request at a World Trade Organization meeting from Qatar, which had asked the trade body to rule on the economic boycott imposed on the nation by other Arab countries including the UAE. “The UAE said a formal WTO dispute settlement process was not in order. For the reason that its actions against Qatar were based on national security considerations and therefore in line with international trade rules,” a Geneva trade official said, dpa reported. Saudi Arabia, the UAE, Bahrain and Egypt severed diplomatic, trade and transportation ties with Qatar in June, accusing Doha of supporting and funding terrorists. The quartet has not only demanded that Qatar cut its links with terrorists, but that it also downgrade ties with Iran. Qatar had complained that these moves amount to coercive measures to isolate its economy. According to the official, who spoke on condition of anonymity, Bahrain, Saudi Arabia and Egypt backed the UAE at the WTO meeting.

 

Short URL : https://goo.gl/o8t8PS
  1. https://goo.gl/c7nLQm
  • https://goo.gl/Mt31VK
  • https://goo.gl/KoNNcJ
  • https://goo.gl/NwcWHh
  • https://goo.gl/xnyuJp

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus