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Gulf Press > Gulf News > Bahrain Chamber seeks to strengthen trade partnership with the US
Gulf News

Bahrain Chamber seeks to strengthen trade partnership with the US

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Last updated: 2024/06/25 at 8:06 PM
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Sameer Nass, Chairman of the Bahrain Chamber, recently emphasized the strong and enduring relationship between Bahrain and the United States during a roundtable discussion organized by the American-Arab Chamber of Commerce in Washington. He pointed out that the non-oil trade between the two countries exceeded $2 billion USD in 2023, with the United States ranking as Bahrain’s third-largest export partner last year. Nass highlighted the significant potential for collaboration between the Bahraini and American private sectors, particularly in sectors such as technology, renewable energy, manufacturing, healthcare, and financial services. He encouraged American investors to take advantage of Bahrain’s favorable economic environment and forge robust commercial partnerships.

In his address at the meeting, Nass underscored the importance of enhancing cooperation mechanisms between Bahrain and the United States to open up new growth opportunities for both nations. He stressed the need to increase trade exchanges between Bahraini and American businesses and promote collaboration in the private sector. The Bahrain Chamber aims to expand trade, investment, and industrial relations with its U.S. counterparts as part of its strategy to strengthen joint trade relations regionally and boost the Bahraini private sector. Nass also discussed the Arab economic landscape and the importance of proactive planning to address future crises, highlighting the significance of global collaboration in driving sustainable development.

Nass reiterated Bahrain’s commitment to economic progress through balanced diplomatic policies and strategic initiatives aligned with sustainable development goals. He emphasized the role of global collaboration in accelerating sustainable development and highlighted the need for proactive planning to address future crises in the Arab economic landscape. Nass’s remarks underscored the importance of fostering strong partnerships between Bahrain and the United States through enhanced cooperation mechanisms and increased trade exchanges. The Bahrain Chamber’s strategy to expand trade, investment, and industrial relations with U.S. counterparts is aligned with its goal of advancing the Bahraini private sector and promoting economic growth in the region.

Overall, Nass’s participation in the roundtable discussions in Washington showcased the deep-rooted relationship between Bahrain and the United States and highlighted the potential for collaboration between the two countries. The discussions centered on strengthening bilateral relations, capitalizing on opportunities in various sectors, and fostering robust commercial partnerships between the Bahraini and American private sectors. Nass’s insights underscored the importance of global collaboration in driving sustainable development and showcased Bahrain’s commitment to economic progress through strategic initiatives and diplomatic policies. The Bahrain Chamber’s commitment to expanding trade relations with U.S. counterparts aligns with its broader strategy of advancing the Bahraini private sector and promoting economic growth in the region.

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News Room June 25, 2024
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