Bahrain's Ambassador to the US: Zero-Tariff Access for All American Goods to Bahrain
TDT | Manama
Email : editor@newsofbahrain.com
His Excellency Shaikh Abdullah bin Rashid Al Khalifa, Ambassador of the Kingdom of Bahrain to the United States, emphasised that the landmark US-Bahrain Free Trade Agreement, implemented in 2006 as America’s first FTA in the Gulf region, has successfully led to the implementation of 0% tariffs on all US goods trade with Bahrain, strengthening what has become a model economic partnership.
His Excellency highlighted the importance of Bahrain’s strategic position as the Gateway to the Gulf in enabling bilateral trade between the two nations to grow from USD 780m in 2005 to nearly USD 3 billion today, supported by the full tariff-free access for US goods – a policy that contributed to a US trade surplus of over USD440 million with the Kingdom of Bahrain in 2024 and an accumulated trade surplus of USD4.4 billion since 2006.
The Ambassador also noted that Kingdom of Bahrain has cemented its role as a regional hub through initiatives like the dedicated US Trade Zone at Khalifa bin Salman Port, which provides an efficient gateway for American goods to reach the Kingdom of Bahrain and regional markets.
Reaffirming Bahrain's commitment to this exceptional partnership, His Excellency underscored the Kingdom of Bahrain’s dedication to deepening the strong partnership with the the US and serving as an ideal platform for US trade and investment in the region.
Related Posts