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MORE TRUMP PEACE: Diamond agreement brings Israel and Qatar closer to normalizing ties

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All because of President Trump’s miraculous Abraham Accords. When we have a competent POTUS in January 2025, the Abraham Accords will expand to Saudi Arabia, Qatar, Oman, Kuwait, and other Muslim majority countries throughout the Middle East and Africa. In the interim, Israel’s vaunted tech sector and booming economy will create the foundation for the expansion of the Abraham Accords in the years to come.

“From conversations with diplomatic and commercial sources who deal with trade with the Gulf states, it seems that the move represents a combination of needs and interests and desire on Qatar’s part not to be left out in the new diplomatic balance in the Middle East after the Abraham Accords.”

Related – US Jewish leaders visit Saudi Arabia to advance Israel normalization

Diamond agreement brings Israel and Qatar closer

Qatar plans a free trade zone for diamonds and gold, and needed Israeli consent to join the countries entitled to trade in diamonds.

By Globes, November 26, 2021

After years of an official boycott on its part, and strong opposition to the Abraham Accords, Qatar has reached a commercial agreement with Israel on diamonds. Although the agreement relates to an apparently technical arrangement in an important business sector, it indicates the existence of direct ties between the two countries and contacts on matters on their agendas. According to one source familiar with these contacts, Qatar will have no problem in reaching further economic and commercial agreements with Israel, as long as that suits its interests, as happened in the case of the diamonds agreement. Qatar, he reminds us, will host the football World Cup next year, in has undertook to let any tourist who so wishes to come to the games. It has to prove to the world that it will fulfil its undertaking, and the diamonds agreement with Israel indicates a desire to appear open to the world.

“Globes” has learned that the governments of Israel and Qatar have reached a commercial agreement on diamonds that will enable Qatar to join the list of countries entitled to trade in diamonds. Qatar undertook to allow Israel diamond traders to enter the country without difficulty,, and even to set up representative offices if they so wish, even though there are no diplomatic relations between the two countries, and Qatar, the “bad girl” of the Gulf, opposed the Abraham Accords with the UAE and Bahrain. The agreement was signed by senior foreign ministry officials of the two countries.

Qatar intends to set up a free trade zone that will specialize in precious stones and gold, and later to form a diamond exchange, on the Dubai model. The move still requires final approval by the plenum of the countries that are members of the Kimberley Process Certification Scheme, and setting up an exchange will require approval by the Diamond Exchange Federation, but after the removal of Israeli opposition, the way is open for Qatar.

Dr. Ron Malak, director general of the Ministry of Economy and Industry, confirmed the details of the story to “Globes”. He said that following close and continued dialogue between the ministry and the Israeli diamond merchants and with the Ministry of Foreign Affairs, Israel received a commitment that the interests of the Israeli diamond merchants would not be harmed and that they would not be discriminated against versus other diamond merchants in access to the trade center that Qatar intends to set up. Following this commitment, Israel did not object to Qatar joining the organization. According to Malka, the development is indicative of Israel’s strengthening economic and commercial position. Asked whether the agreement with Qatar heralds further agreements, he answered that Israel was ready for and open to any initiative and approach from any country in the region, including Qatar.

At the Israeli Diamond Exchange, in response to enquiries form “Globes”, sources said that they welcomed the achievement, and that this was a very important move that opened up new markets for Israeli diamond merchants and for the Israeli diamond industry, which continues to help advance the economy and to represent the country all around the world.


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