Bahrain, US sign key trade deal

SourceSaudi Gazette
SectorEconomy
CountryBahrain

MANAMA — Bahrain's Ministry of Industry, Commerce and Tourism Ministry on Tuesday signed a memorandum of understanding, establishing an American trade zone in Bahrain. Bahrain's Industry, Commerce, and Tourism Minister Zayed Al-Zayani 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 Bahrain and the United States. US Secretary for Trade Wilbur Ross stressed the importance of Bahrain as a strategic and commercial partner of the United States, 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 ...read more...