His Excellency Abdulla bin Adel Fakhro, Bahrain’s Minister of Industry and Commerce, recently commended the enduring and robust partnership between Bahrain and the United States at the annual ceremony of the American Chamber of Commerce in Bahrain (AmCham Bahrain). The Minister highlighted the significance of the Free Trade Agreement (FTA) between the two nations and its positive impact on trade growth. He emphasized Bahrain’s commitment to further enhancing bilateral ties through joint agreements and mutual visits, expressing optimism about expanding the partnership to include sectors like technology, finance, and tourism. The event, attended by AmCham Bahrain President Qays Al Zubi and distinguished officials, served as a platform to review key topics shaping Bahrain-US relations.
Minister Fakhro emphasized the potential of the FTA as a catalyst for growth, stressing the need for more businesses to leverage the opportunities for trade and investment it offers. In 2022, bilateral trade between the two countries reached $3 billion, with US exports amounting to $1.8 billion and imports from Bahrain reaching $1 billion. AmCham Bahrain President Qays Al Zubi also reaffirmed the Chamber’s dedication to strengthening economic ties and fostering a closer bond between Bahrain and the US. Both leaders stressed the importance of continuing the strong economic relationship and seizing new opportunities in the future.
The Minister’s remarks underscored the long-standing and fruitful relationship between Bahrain and the US, built on mutual respect and cooperation over many decades. The annual AmCham Bahrain event provided an opportunity to review key aspects of Bahrain-US relations and explore avenues for further collaboration. Minister Fakhro highlighted the positive impact of the FTA on trade growth and agricultural exports from the US to Bahrain, while expressing optimism about expanding cooperation into vital sectors such as technology, finance, and tourism.
The FTA between Bahrain and the US has shown promising results, with bilateral trade reaching $3 billion in 2022. Minister Fakhro emphasized the untapped potential of the agreement and the need for businesses to capitalize on the opportunities it presents. The event served as a platform for both countries to reaffirm their commitment to strengthening economic ties and exploring new avenues for cooperation. AmCham Bahrain President Qays Al Zubi echoed the Chamber’s dedication to enhancing the economic relationship between Bahrain and the US, underscoring the importance of continued collaboration and partnership.
In conclusion, the Minister’s remarks at the AmCham Bahrain ceremony highlighted the enduring partnership between Bahrain and the US and the positive impact of the Free Trade Agreement on trade growth. Both leaders emphasized the need for businesses to leverage the FTA opportunities for trade and investment, while also looking towards expanding cooperation in key sectors. The event served as a testament to the strong economic relationship between Bahrain and the US and the shared commitment to deepening ties and exploring new opportunities for collaboration in the future.
