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New China push to spur Bahrain trade

The Chinese delegates at the EDB office

New China push to spur Bahrain trade

MANAMA, 16 hours, 32 minutes ago

A delegation from the China Arab Council for Investment Promotion (CACIP) has arrived on a three-day visit to Bahrain as part of its mandate to promote investment co-operation between China and the Arab states.

Organised by the Economic Development Board (EDB), the visit is aimed at strengthening economic ties between Bahrain and China, said a report in the Gulf Daily News (GDN), our sister publication.

The delegation includes Chinese businessmen and women representing several sectors, including manufacturing, technology, and healthcare services. The CACIP team’s visit marks the 12th Chinese delegation visit to Bahrain in 2015, representing different regions and sectors in China.

EDB officials introduced the visiting delegation to Bahrain’s economic and investment climate and its key competitive advantages. It highlighted the kingdom’s economic freedom, diversity and flexibility, which have led a number of prominent international companies to launch operations in the country, in order to take advantage of one of the most skilled national workforces in the region, low operating costs, and high human capital development, to access the neighbouring GCC market.

Officials also presented Bahrain’s economic achievements, showcasing the kingdom’s positive performance in a number of leading international indices dealing with competition and the 

The CACIP delegation will also meet representatives from Tamkeen, the Bahrain International Investment Park, the Works, Municipalities and Urban Planning Affairs Ministry and the National Health Regulatory Authority and will participate in a tour to view the upcoming Dragon City project.

The delegation’s arrival follows a series of high-level visits to China from Bahrain, including a historic visit by His Majesty King Hamad in 2013.

In October last year, the Bahrain EDB and high-level Bahraini officials visited Beijing, Guangzhou, Shenzhen and Hong Kong, where 13 memoranda of understanding were signed between Bahraini companies and their Chinese counterparts.

In early April, the EDB signed an MoU with the Hunan Province’s Ministry of Commerce during a visit conducted by the official Chinese trade delegation to Bahrain which aimed to promote further bilateral trade and economic relations between Bahrain and China.

Trade between Bahrain and China reached $1.98 billion last year, excluding crude oil, with machinery and mechanical appliances topping the list of imports, followed by metals, while chemicals formed the most prominent Bahraini exports to China for the same year.

Last year, the EDB set up an overseas office in China. – TradeArabia News Service

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