Doing Business in Bahrain

The aims of the subject “Foreign Trade and Business in Bahrain” are the following:

1. To analyze the Bahraini Economy and Foreign Trade;
2. To know the business opportunities in Bahrain;
3. To explore the Bahraini trade relations with the country of the student;
4. To know the Bahraini Trade Agreements;
5. To examine the profile of Bahraini businesspeople and companies;
6. To develop a business plan for the Bahraini Market.

The Subject “Foreign Trade and Business in Bahrain” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: Islamic Business, World Trade.

Masters: International Business, Foreign Trade.

Languages: or Bahrein Bahrein.

1. Credits of the subject “Foreign Trade and Business in Bahrain”: 2 ;
2. Duration: two weeks.

Preferential Access and Free Trade Agreements of Bahrain

1. Bahrain and the Arab Economic Area;
2. Gulf Cooperation Council (GCC)
   1. European Union-Bahrain (GCC) FTA;
   2. India-Bahrain (GCC) FTA;
   3. Australia-Gulf Cooperation Council FTA;
   4. Free Trade Agreements with China, Singapore, South Korea, EFTA, New Zealand, Thailand, MERCOSUR.
3. U.S.-Bahrain Free Trade Agreement;
4. Trade Preferential System (TPS-OIC);
5. Greater Arab Free-Trade Area (GAFTA).

1. WTO
   1. Agreement on Trade in Services (GATS);
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Revised Kyoto Convention.
3. International Bureau of Containers and Intermodal Transport (BIC);
4. Chicago Convention (ICAO);
5. International Maritime Organization (IMO).

1. Access to the China-Pakistan Corridor;
2. Access to the Kyrgyzstan-Iran Corridor (KTAI-ECO).

Islamic Organizations:

1. Arab League;
2. Summit of South American-Arab Countries (Bahrain);
3. Asia-Middle East Dialogue (Bahrain);
4. Islamic Development Bank;
5. ESCWA;
6. Organization of Islamic Cooperation (OIC)
   1. Committee for Economic Cooperation (OIC-COMCEC);
   2. Islamic Chamber of Commerce;
   3. Islamic Centre for Development of Trade;
   4. Statistical, Economic and Social Centre for Islamic Countries.
7. Afro-Arab Cooperation;
8. BADEA;
9. Arab Gulf Programme (AGFUND);
10. Arab Trade Financing Programme;
11. Arab Development Funds.

Global Organizations:

1. Asia Cooperation Dialogue;
2. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
3. WB;
4. WTO;
5. IMF;
6. ...

The Kingdom of Bahrain.

1. Bahrain is an independent Emirate with a traditional Monarchy;
2. System of Government: hereditary constitutional monarchy
   1. His Majesty King Hamad bin Isa Al Khalifa.
3. Arab is the official language of Bahrain;
4. Bahraini Population
   1. 1.2 million people with 90% of urban population (90%);
   2. 50% of its residents are expatriates.
5. Bahrain has the highest literacy rate in the Gulf Cooperation Council region;
6. Bahrain is the country with a smaller population of the Gulf Cooperation Council (GCC);
7. Capital of Bahrain: Manama (27% of the Bahraini GDP);
8. Al Muharraq is the second most populous city of the Kingdom of Bahrain;
9. Borders of Bahrain: Qatar and Saudi Arabia.
   1. Iran (by sea).
10. Abolition of Slavery in Bahrain: 1937;
11. Independence of Bahrain from the UK: 1971.

Religion in Bahrain.

1. Shiite Islam (70% of the population);
2. Islamic Jurisprudence (Sharia) is one of the main legislative sources;
3. School (Fiqh): Maliki;
4. There is no official religion in the Kingdom of Bahrain (freedom of belief);
5. 15% of the population of Bahrain is Christian and 10% Hindu.

Bahrain belongs to the Arab Economic Area (Islamic Civilization).

Manama is the capital of Bahrain and the economic and financial centre.

1. The main economic activity of Manama is related to the financial services, near 200 financial institutions and banks generate 27% of the gross domestic product of Bahrain (80% of the active population works in the financial sector);
2. Several multinational companies are in Manama.

Bahraini Economy

Bahrain is the freest economy in the MENA region (Middle East and North Africa), is the thirteenth position in the World.

1. The Aluminum industry is vital for Bahrain (13% of the total exports);
2. Some of the best companies in the World such as American Express, BNP Paribas, Kraft or DHL have been selected Bahrain as a strategic distribution location for regional operations.

Bahraini Foreign Trade

1. Top export markets of Bahrain are Saudi Arabia, the U.S., the United Arab Emirates, and South Korea;
2. Top suppliers of Bahrain are Saudi Arabia, Japan, Germany, and the U.S..

(c) EENI Global Business School (1995-2023)
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