US-Bahrain food export agreement signed

US-Bahrain food export agreement signed
A general view shows the Bahraini Chamber of Commerce and Industry in Manama. (AFP)
Updated 09 April 2018

US-Bahrain food export agreement signed

US-Bahrain food export agreement signed

Washington: Bahrain has agreed to continue to recognize US safety certifications for American food and agriculture exports to the Gulf nation, US officials announced Monday.
The agreement was contained in a memorandum of understanding signed March 30 by trade officials from both countries, according to the office of the US Trade Representative.
Bahrain has been among the countries hardest hit by new 10 percent import duties on aluminum that were announced last month by US President Donald Trump.
Manama, a major source of aluminum for the United States and key regional strategic partner, last month retained powerful Washington lobbyists to help navigate the new trade reality in Trump’s Washington.
US farmers and agriculture groups have been strongest in opposing Trump’s spiraling confrontation with major trade partners, fearing retaliation by other nations will hurt US exports.
“I am very pleased to support America’s farmers and ranchers by concluding and signing this memorandum of understanding that clarifies requirements for US food and agricultural exports to Bahrain,” Deputy US Trade Representative Jeffrey Gerrish said in a statement.
US agricultural and fishery exports to Bahrain in 2017 amounted to $76 million, according to USTR.
But Bahrain was the 8th-largest US source of refined and primary aluminum last year, with exports valued at $240 million, according to Commerce Department data.
A free-trade agreement between United States and Bahrain entered into force in January of 2006.


Saudi Arabia tops 2020 list of UAE export markets

Saudi Arabia tops 2020 list of UAE export markets
Updated 36 min 20 sec ago

Saudi Arabia tops 2020 list of UAE export markets

Saudi Arabia tops 2020 list of UAE export markets
  • Emirates exported to 230 countries in 2020, up from 200 in 2019

DUBAI: Saudi Arabia was the UAE’s top export market last year, with exports and re-exports from the emirates to the Kingdom amounting to 73.58 billion UAE dirhams ($20.04 billion) during the first nine months of 2020.

The latest figures from the UAE’s Federal Competitiveness and Statistics Centre reported that the Emirates exported to 230 countries in 2020, up from 200 in 2019.

While Saudi Arabia took the top spot as the biggest export destination for the UAE, second was Iraq with 36.5 billion dirhams followed by Switzerland (33.47 billion), India (24.78 billion), Oman (24 billion), China (22 billion), Hong Kong (20.4 billion), Kuwait (16.1 billion), the US (13.1 billion) and Italy (12.75 billion).

In total, the UAE earned 460 billion dirhams from foreign trade in the first nine months of 2020, despite the slowdown as a result of the coronavirus pandemic.