Agreement sign to establish American trade zone in Bahrain

SourceBizbahrain
SectorEconomy
CountryBahrain

The Ministry of Industry, Commerce and Tourism today signed a memorandum of understanding, establishing an American trade zone in the Kingdom of Bahrain. Industry, Commerce and Tourism Minister Zayed bin Rashid Alzayani sealed the deal this morning with US Secretary for Trade Wilbur Ross. “The availability of economic opportunities in our region is an ideal opportunity for American companies to invest and expand their business by establishing in the Kingdom of Bahrain ”, said Alzayani. He said that the deal would usher in wider horizons for strengthening the joint trade relations in accordance with the advantages of the Free Trade Agreement binding the Kingdom of Bahrain and the United States of America.

US Secretary for Trade Wilbur Ross stressed the importance of Bahrain as a strategic and commercial partner of the United States of America, adding that the platform would maintain the stability and ensure the progress of the American trade in the Gulf region. “The signing of this memorandum comes to reinforce this common commitment and the close relationship between the two countries”, he added, affirming the commitment of the Department of International Trade at the US Department of Commerce, to work with the Kingdom of Bahrain ...read more...