How to Export to Qatar ?
Export to Qatar : Qatar is a quiet country in the tense region of the Middle East. After Qatar’s 2016 sanctions, inflation increased slightly by four Arab countries in the Gulf region.
Inflation rose to 2.7 percent in the food sector, but with inflationary presence in Turkey and Iran, as well as appropriate policies, inflation fell.
Qatar will host the World Cup in 2022 and this is a good opportunity for the owners of goods and services around the world. Qatar is known as an energy pole in the world and needs investment in the rail and road sector.
Biggest countries exporter to Qatar
|1||United States of America||2.650 B|
|3||United kingdom||3 B|
Biggest countries importer of Qatar
|1||Korea, Republic of||16 B|
Qatar's Top 5 Exports
|27||Mineral fuels||72 B|
|29||Organic chemicals||1.4 B|
Qatar's Top 5 Imports
|85||Electrical machinery||2.8 B|
|71||Natural or cultured pearls||2 B|
Marketing in Qatar
People who want to enter the Qatari market must focus on competitive prices, high-quality, and new products. Qatar has a powerful air fleet that can reduce shipping costs in some products. Initial face-to-face contact with importers will significantly increase a company’s business prospects. Qatari companies distributing foreign products usually request marketing and advertising assistance from the principals to introduce a new product to the market or to improve sales of existing products.
Market Challenges Qatar
Investment and trade with Qatar have limitations and challenges.
Foreign-ownership restrictions: In Qatar, foreign investors can have 100% ownership in some industries that require government approval.
Housing Investment: How the 99-year ownership transfer takes place in government-approved projects.
Government Procurement: It is very difficult to participate in auctions because of lack of transparency and priority with local people. However, trying to improve transparency by creating a website and new rules.
There are no rules for importing agricultural and medical food products in Qatar, and in some cases it is open to trading.
Market Opportunities Qatar
Business opportunities with Qatar are not low.
Qatar imports more than 90 percent of its food from other countries. You should keep in mind that the label should be taken seriously in the food section.
Also, in various sectors, including communications and software, the government is looking to transfer technology and access to new tools.
Qatar has a lot of opportunities in the sports and health sector. There is only $ 6 billion in the healthcare sector available for you to get a great deal of worth with the right equipment.
Pricing in the Qatar market
After boycotting Qatar by the Arab countries, the way to import other products from countries, especially Turkey, has opened to the market. Qatari importers are consciously aware of prices and use professional promotional tools to develop their sales. There is currently no Value-Added Tax (VAT) or sales tax in Qatar. However, as part of its economic update, the Ministry of Development Planning and Statistics publicly confirmed that Qatar is considering the introducing 5% VAT to Qatar in 2019. The average importer markup on food products is 10-15%. Retail food prices are generally 25-30% above import prices.
Trade restrictions in the Qatar market
With certain exceptions, Qatar’s foreign investment law limits foreign ownership of local entities to 49% of the entity’s capital. Foreign investors may own 100% of an entity’s capital in sectors like agriculture, industry, health care, education, tourism, and the exploitation and development of natural resources subject to approval by the Government of Qatar (“GoQ”). The law further states that, when approving majority foreign ownership in a project, preference should be given to those using locally available raw materials, manufacturing products for export, producing new product or using advanced technology.
Qatar agreements and international agreements
As a member of the Gulf Cooperation Council (GCC), Qatar is a signatory to the GCC Free Trade Agreement. Some Arab countries have banned Qatar’s market. The boycott has led to a massive entry of foreign products from other countries into the Qatar market. The rich population of Qatar is one of the reasons why more attention is being paid to importers of this market. Over the past ten years, Qatar has signed bilateral investment protection agreements with several countries, including Belarus, Bosnia and Herzegovina, China, Croatia, Cuba, Finland, France, Germany, India, Iran, South Korea, Morocco, Pakistan, Romania, Senegal, Sudan, Switzerland and Turkey.
The strategy for entering the Qatar market
The first step in entering Qatari’s local market is to have a good advisor as well as an attorney for contracting. If you are thinking of a long-term trade in Qatar, be sure to travel to this country.
Marketing takes place in Qatar in both traditional and digital ways. Before doing anything, first do a thorough evaluation of your desired market.