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Bahrain and UK discuss trade relations

The trade volume between the two countries reached $419 million last year

Bahrain’s Minister of Industry and Commerce and Tourism, Zayed R Alzayani, was a guest of honour and Keynote Speaker at the Bahrain British Business Networking Lunch Meeting, Bahrain News Agency reports.

The event was held in the presence of the UK Ambassador to Bahrain, Simon Martin, the BBBF Chairman, Khalid R Alzayani, and a number of businessmen and businesswomen.

During the meeting the minister made a visual presentation about the regulatory developments, procedures and steps undertaken by the Ministry of Industry, Commerce and Tourism with the aim of removing barriers to business and facilitating procedures in all the ministry’s services.

During the meeting, Alzayani also reviewed the trade relations between the Kingdom of Bahrain and the United Kingdom, which will be celebrating its bicentennial in 2016.

The trade volume between the two countries reached $419 million last year, and the UK’s exports reached $340m during the same period, while Bahrain’s exports to the UK reached $79m.

It is worth mentioning that there are 325 Bahraini companies operating with UK investors and 92 UK companies have branches in Bahrain.

($1 = AED3.67, at the time of publishing)