HE Mr. Abdulla bin Adel Fakhro Minister of Industry and Commerce hailed the deep-rooted historical relations between the Kingdom of Bahrain and the United States of America, that flourished over many decades with mutual respect and cooperation, noting the keenness continue enhancing existing bilateral cooperation in various field through joint visits and agreements.

This came at the annual general ceremony of the American Chamber of Commerce in Bahrain at the Crowne Plaza Hotel, where His Excellency the Minister participated as a keynote speaker. The event was attended by Qays Al Zubi, President of Amcham Bahrain, ana a number of officials.

In his speech, the Minister reviewed a number of vital topics, including the Free Trade Agreement (FTA), which contributed significantly and effectively to trade growth, as well as increasing the proportion of agricultural exports from the United States to the Kingdom of Bahrain, looking forward to enhancing the benefit of these relations in the future in various sectors, including technology, finance and tourism.

His Excellency added that we have seen remarkable growth in bilateral trade, in 2022, U.S. goods and services trade with Bahrain totaled an estimated $3 billion, with U.S. exports reaching $1.8 billion and imports at $1 billion. The FTA has already proven to be a catalyst for growth, but we are just scratching the surface with the potential of the agreement. And we need more businesses to leverage in trade and investments.

For his part, Qays Al Zubi, President of Amcham Bahrain, noted that this annual event underscores the commitment of the American Chamber of Commerce Bahrain to strengthening the strong ties between the Kingdom of Bahrain and the United States of America.