ISDS Case Map
Bahrain
Pakistan and Bahrain will sign a memorandum of understanding for the promotion of trade and investment opportunities during the second session of Pak-Bahrain Joint Ministerial Commission.
Bahrain has agreed to continue to recognize US safety certifications for American food and agriculture exports to the Gulf nation.
Bahrain would play a pivotal role in negotiating with other GCC countries to finalise the framework for Pak-GCCs FTA.
In purely commercial terms, American manufacturers gained access to regional Gulf Cooperation Council markets and beyond.
Textile factories in Bahrain fear they could lose millions of dollars in trade and thousands of jobs could go if a tariff agreement with the US is not renewed next year.
West Point Home, a leading textile manufacturer in the US, is using the offices of American Chamber of Commerce Bahrain to advocate extension of the tariff preference level of the free trade agreement between the US and Bahrain.
Debunking rumours, US Deputy Chief of Mission in Bahrain Timothy Pounds has said that the free trade agreement (FTA) between Bahrain and the US does not have an expiry date and is here to stay.
Pakistan and Bahrain will sign Bilateral Investment Treaty (BIT) in addition to other pacts during the visit of King of Bahrain Hamad Bin Isa Al-Khalifa, official sources told Business Recorder.
Addressing a seminar at the Bahrain Chamber of Commerce and Industry (BCCI) in Sanabis yesterday, Industry and Commerce Minister Dr Hassan Fakhro said bilateral trade has grown from about $1.1 billion in 2006 to about $2bn last year, as Bahrain was given tariff-free access to the world's largest economy, reported the Gulf Daily News, our sister publication.
Bahrain has hit back at accusations it could have breached its Free Trade Agreement with the US as regards workers' rights.
