US-Bahrain relations will enter a new era when the Free Trade Agreement (FTA) comes into force in the coming weeks, said US Ambassador William T Monroe yesterday.
In keeping with the global trend, it is free trade agreement (FTA) talks galore in the Gulf. Apart from a deal with Lebanon, the Gulf Cooperation Council (GCC) countries are collectively and individually negotiating FTAs with the United States, European Union and India at present.
A US source, close to the Free Trade Agreement negotiations, said it is likely the Bahraini US commercial agreement will go into effect in early August 2006 after Bahrain endorses all Intellectual Copyright Laws.
The US government has confirmed that Bahrain is no longer part of an Arab boycott of Israeli products in line with its commitment to the bilateral Free Trade Agreement (FTA).
Minister of Industry and Commerce, Dr.Hasasan Abdullah Fakhro opened here on Saturday the first workshop on exporting Trade (ETT) organized by the by the Volunteers for Economic Growth Alliance ( VEGA ).
An MP accused the Commerce and Industry ministry of sleeping yesterday after it asked parliament to push through six new laws that should activate Bahrain's Free Trade Agreement (FTA) with the US.
Six laws that should allow Bahrain's Free Trade Agreement (FTA) with the US to be enacted were passed by MPs in a single sitting yesterday.It means the FTA could finally come into effect by July.