U.s.-Bahrain Free Trade Agreement

The commodity is expected to benefit from industrial products, including fish and other seafood, from duty-free access to the EFTA states, while most products imported into the GCC have eliminated tariffs. In 2019, imports of this agreement to Bahrain totalled $349 million, while exports amounted to $19 million $US. In addition, bilateral agreements on agricultural products have been concluded between three EFTA States and the GCC. Removes all tariff and non-tariff barriers. This reduces export costs and increases the competitiveness of Bahraini products in U.S. markets. The U.S.-Bahrain Free Trade Agreement, which went into effect on January 11, 2006, creates export opportunities for the United States and creates jobs for American farmers and workers. The agreement also supports Bahrain`s economic and political reforms and strengthens trade relations with an Arab Gulf economic leader. On the first day of the entry into force of the agreement, 100% of reciprocal trade in industrial and consumer goods began to circulate without customs duties. As a result of the free trade agreement, U.S. farmers have significantly increased their agricultural exports to Bahrain. In addition, Bahrain has opened up its services market more widely than any former FTA partner and has created significant new opportunities for U.S. financial service providers and companies that provide telecommunications, audiovisual media, express delivery, distribution, healthcare, architecture, and engineering services.

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