The Ministry of Industry, Commerce and Tourism in Bahrain and the US Department of Commerce signed a Memorandum of Understanding to promote US-Bahraini trade by establishing a US trade zone in the Kingdom of Bahrain.
The Bahraini Minister of Industry, Trade and Tourism, Zayed bin Rashid Al Zayani, affirmed that “the availability of economic opportunities in our region is an ideal opportunity for American companies to invest and expand their business through the American trade zone in the Kingdom of Bahrain. This memorandum will open wider horizons for strengthening the joint trade relations between the two countries in accordance with the advantages of the trade agreement. Al Hurra between the Kingdom of Bahrain and the United States of America.
In turn, US Secretary of Commerce Whibler Ross said, “The Kingdom of Bahrain was and still is an important strategic and commercial partner of the United States of America, by maintaining the stability and ensuring the progress of the American commercial process in the Gulf region. The signing of this memorandum comes to reinforce this common commitment and close relationship.” Between the two countries”.
The Bahrain News Agency stated that the American Commercial Zone in the Kingdom of Bahrain will allow American companies to operate in an area equipped for goods exchange activities and comprehensive logistical solutions, in addition to facilitating export operations through Khalifa bin Salman Port, Bahrain International Airport and King Fahd Bridge or through any other ports to be established in the future in the Kingdom. Through specialized customs solutions.
Source: Bahrain News Agency