US, Bahrain Sign MOU to Boost Trade
The U.S. and Bahrain signed a memorandum of understanding to establish a U.S. trade zone in Bahrain to help boost trade between the two countries, the Commerce Department said Jan. 13. Commerce said the zone will be a trade, manufacturing,…
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logistics and distribution “hub” for U.S. companies operating in the country. It will allow U.S. businesses “multimodal access to an area ideal for crossdocking activities, end-to-end specialized customs solutions and fast track operation for the purpose of exporting” via the Khalifa bin Salman Port, the Bahrain International Airport and the King Fahd Causeway and “future customs posts” created by Bahrain.