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Qatar-Turkey trade route could cut transportation costs by 80%

The newly-announced land trade route through Turkey, Iran and Qatar is expected to significantly reduce the cost of the transportation of goods. The new trade line will lead to a decline of nearly 80 percent in the transportation cost of food items compared to air freight charges, say experts.

Mohammed bin Mahdi Al Ahbabi, Board Member of Qatar Chamber, said: “The new land trade line between Turkey and Qatar via Iran, will reduce the cost of transport of goods by about 80 percent compared to air cargo.”

Al Ahbabi, also the Head of Trade and Research Committee at QC, who recently headed a 100-member trade delegation to Turkey, added: The cost of air freight is ranging between $1.2 and $1.5 per kg, while the cost of road transport per kg is approximately $0.15 (15 cents).”

He noted that the new trade line will be more sustainable and reliable, and boost the Turkey-Qatar bilateral trade volume greatly, given the fact that businessmen from both countries have signed scores of trade agreements, especially during their recent visit to Turkey between August 3-6.

source: thepeninsulaqatar.com

Publication date: 8/14/2017


 


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