Experts for Al -Watan: Free Trade Conventions are a successful model for economic partnership

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Free trade agreements are a successful model for the strategic economic partnership between the countries of the world, and Bahrain has been keen to sign these agreements to enhance its position as an advanced commercial center in the region, and contributed to pushing the wheel of economic growth of Bahrain and countries that have been signed free trade agreements between them. In this regard, economic experts assured the “homeland” that the sustainability of the agreements and their embargo between countries is granted, granted Investors are comfortable in expanding their activities in those countries, as they are considered a dynamic influence that supports economic stability, and creates a competitive and attractive environment for investments, as agreements allow national companies to reach wider international markets, which reduces dependence on specific markets, and thus reduces the fluctuations resulting from crises. Experts indicated that lack of adherence to these agreements is considered from The most prominent factors of low confidence in the state’s policy and decisions, and this thus affects inflation and employment and makes the state and its commodity less competitive in the world markets. Free trade agreements are a motor for the growth for the head of the Financial and Economic Affairs Committee in the House of Representatives Ahmed Al -Salloum, that free trade agreements constitute a basic pillar to enhance economic growth and create job opportunities, indicating that Bahrain represents a successful model in this field through Its historical agreement with the United States of America is considered that commercial agreements are no longer an option, but rather a strategic necessity in a world of mutual economic accreditation, and it opens new prospects for investment and enhances the competitiveness of the national economy. He explained that the free trade agreement between Bahrain and the United States, which entered into implementation in 2006, contributed to increasing the volume of trade exchange between the two countries in large proportions, and attracting huge American investments in the sectors of industry and financial services, in addition to enabling Bahraini products to enter the American market without customs duties. He added that this agreement is consistent with the Bahrain Economic Vision 2030 aimed at diversifying the economy, saying: “We are working in the House of Representatives to support these agreements through legislation that enhances the investment climate and humiliated obstacles to investors.” She pointed out that the agreement reflects the depth of Bahraini -American relations that go beyond the economic aspect to the areas of security and regional stability, considering that Bahrain provides a model to be followed in economic openness and building partnerships International. Al -Salloum emphasized that Bahrain is one of the most open economies in the region, with commercial agreements with many countries and major economic groups. A positive impact on international relations and the economic expert Dr. Ali Al -Mawlani stresses the importance of these agreements between countries on the local and international economy, as the process of economic growth between countries, and contributes to creating opportunities for commercial and industrial institutions in the two countries, and supporting the activities of small institutions The medium that appeared strongly during that time period, and has become one of the factors of the economic growth of any developed country. He pointed out that the sustainability of the agreements and their embrace between countries, granting cross -border investors give comfort in expanding their activities in those countries because the investor usually searches for a stable market and has wide opportunities with other countries that can be produced and issued from it or imports its initial materials easily. The economy is linked to the relations of states and cooperation in other areas, where it can contribute to strengthening political relations and forming various alliances in various fields. Searching for alternative economic partnerships and the economic dimensions of free trade agreements, economic expert Nora Al -Faihani explained that such agreements help to increase trade flows between countries, which appears in the Bahraini American case, where the trade exchange has grown since the implementation of the agreement in 2006 and which was At that time, $ 780 million, until he is currently exceeding $ 3 billion. She said: “We can conclude from this the ability of such agreements to enhance the growth of GDP by removing customs restrictions and reducing the costs of trade exchange.” Al -Faihani added, that this dynamic supports economic stability by creating a competitive and attractive environment for investments, as the agreements allow national companies to reach markets A wider international, which reduces dependence on specific markets, and thus reduces the fluctuations resulting from regional or international economic crises. It confirmed that the countries may try to search for other economic partnerships in the event of not adhering to the principles of free trade between another country, by seeking to find alternative markets that can find in free trade cooperation, an opportunity to import goods from that country. The agreement is a successful model for economic business Nasser Al -Ahly, with the efforts of the Bahraini Ambassador to the United States of America, Sheikh Abdullah bin Rashid Al Khalifa, and the diplomatic efforts that serve the interests of the two countries and its great role in strengthening commercial agreements between the two countries and increasing the volume of joint business between the two countries at all levels. As an advanced commercial center in the region, and contributed to advancing the economic growth of the two countries. The partnership. Al -Khaleejiya. Al -Ahly said: “We believe that Bahrain continues to consolidate its position as a major commercial and investment portal in the region, and is committed to strengthening its international partnerships, especially the economic relationship with the United States, in a way that achieves common interests and supports the sustainability of economic growth, and there is no doubt that the complete exemption of American goods from customs duties stresses the importance of continuing the Bahraini private sector support for these international partnerships, and enhancing the Kingdom’s role in supporting free trade between The two countries. ”The growing impact of the agreements to the neighboring countries, the economic expert, Shaima Tuhami, clarified that the customs exemption agreements between countries received a wide range of resonance with the huge benefit of the local economy in those countries and an increasing benefit for investors, and therefore the countries of the world seek to find agreements that contribute to reducing the prices of imported goods to them in a way that is due to the citizen and the national economy with more benefit. It includes several direct and indirect dimensions when applied, and its impact is growing to even neighboring countries, or that have commercial interests with the signed countries on these agreements, which is an extended and indirect impact that contributes to raising the volume of trade exchange between those countries, while failure to adhere to these agreements represents one of the most prominent factors of low confidence in the state’s policy and decisions, and this thus affects inflation and employment, and makes the state less Competition in the world’s markets.