Category

Qatar

Category
 Navigating the uncertainty of doing business with Qatar
Broadcast timings on 19 July 2017
6 am San Francisco; 8 am Dallas; 9 am New York; 2 pm London; 3 pm Frankfurt; 5 pm Dubai

On Monday, 5 June 2017, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar and moved to close off access to the Gulf country, with a boycott on air, sea or land traffic to and from Qatar, with other Arab and African countries following their lead. The political and economic boycott has had major implications for international trade.

On June 5, 2017, Saudi Arabia and Bahrain followed by the United Arab Emirates, Egypt  Yemen, and one of Libya’s interim governments cut diplomatic relations with, and trade ties with Qatar. The UAE issued a statement which said it was “based on the insistence of the State of Qatar to continue to undermine the security and stability of the region.”  In the statement the UAE said the following steps were taken:

  On April 8, 2016, the Department of the Treasury published in the Federal Register a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to the Department of the Treasury, the following countries require or may require participation in, or cooperation with, an international boycott:…

  On January 27, 2016, the Treasury Department published in the Federal Register a current list of countries which require or may require participation in, or cooperation with, an international boycott (within the meaning of section 999(b)(3) of the Internal Revenue Code of 1986). On the basis of the best information currently available to the Department of the Treasury, the following countries require or may require participation in, or cooperation with, an international boycott (within the…