54pc growth in Bahrain-US trade

Bilateral trade between the US and Bahrain has increased by 54 percent in the first seven months of this year when compared to the same period last year, it was revealed.

Two-way trade increased from $1.085 billion in 2017 to $1.678 billion in 2018 during the period from January to July, according to official statistics. “Commercial ties between Bahrain and the United States are strong. It is this significant pillar of our relationship that we are highlighting during Discover America Week.

“Bilateral trade has risen from $782 million in 2005 to $1.9 billion in 2017. “Moreover, this trade is growing. In the first seven months of 2018 alone, two-way trade increased by 54pc to $1.678 billion from $1.085 billion during the same period in 2017,” the US embassy stated. “This positive trajectory of bilateral trade and the vast amount of investment are testaments to the strong and increasing commercial ties between the United States and Bahrain,” it added.

An event was held yesterday at the Bahrain Chamber of Commerce and Industry premises in Sanabis to raise awareness on how business in Bahrain can make use of the Free Trade Agreement (FTA). It was organized by the American Chamber of Commerce (Amcham) in Bahrain in coordination with the US embassy. “Our goal at the Amcham is to find businesses in the united states and introduce them to opportunities in Bahrain and how they can work with businesses here”