The First Vice Chairman of the Bahrain Chamber, Khalid Najibi, emphasized the importance of strengthening ties with the China Council for the Promotion of International Trade (CCPIT) to boost international trade. He highlighted the need to enhance collaboration and joint ventures between the private sectors of Bahrain and China to expand trade activities. Despite bilateral trade already surpassing $2 billion, Najibi sees significant future opportunities for further enriching commercial exchanges. A Chinese delegation led by Vice Chairman of CCPIT- Jiangsu, Cong Sufeng, visited the Bahrain Chamber, where a memorandum of understanding was signed to enhance the partnership.
The signing of the MoU between the Bahrain Chamber and CCPIT-Jiangsu is seen as a significant step towards aligning efforts to advance bilateral relations and foster partnerships. This reaffirms Bahrain’s role as the gateway to the Gulf region, offering opportunities in sectors such as technology, renewable energy, tourism, and manufacturing. Sufeng expressed great satisfaction with the agreement, emphasizing CCPIT’s commitment to supporting the business sector and paving the way for a thriving future. The MoU aims to strengthen communication and economic cooperation through initiatives like mutual visits, forums, and information exchange.
Sufeng highlighted the interest of the Bahraini business community in the Chinese market and CCPIT’s eagerness to strengthen communication with the Bahrain Chamber. By deepening economic cooperation through various initiatives, both sides aim to ensure the sustainability of economic and trade relations between China and Bahrain. The focus is on fostering partnerships that benefit both countries and promote growth in key sectors. The signing of the MoU sets a framework for future collaboration and mutual support between the two organizations.
The Bahrain Chamber plays a crucial role in facilitating trade and investment opportunities for businesses in Bahrain and China. By strengthening ties with CCPIT, the chamber aims to create a favorable environment for businesses to engage in joint ventures and expand their market reach. The MoU signed between the two entities is a testament to their commitment to working together towards common goals of economic growth and prosperity. Through enhanced collaboration and communication, both sides seek to leverage each other’s strengths to drive innovation and development in key industries.
The visit of the Chinese delegation to the Bahrain Chamber signals a strong interest from both parties in deepening economic ties and exploring new opportunities for collaboration. With bilateral trade already showing promising growth, there is great potential for further expansion and diversification of trade activities between Bahrain and China. By tapping into each other’s strengths and resources, both countries can benefit from increased cooperation and mutual support in various sectors. The signing of the MoU paves the way for a more structured and focused approach towards enhancing economic relations and fostering sustainable partnerships.
Overall, the partnership between the Bahrain Chamber and CCPIT-Jiangsu holds significant promise for boosting international trade and economic cooperation between Bahrain and China. By leveraging their respective strengths and resources, both parties can create opportunities for growth and innovation in key sectors. The signing of the MoU signifies a strong commitment to advancing bilateral relations and fostering mutually beneficial partnerships. With a focus on communication, collaboration, and mutual support, the two entities are poised to work together towards a more prosperous and sustainable economic future for both Bahrain and China.
