Celebration to Toast Historic Free Trade Agreement in New York City
Very soon, the United States and the Kingdom of Bahrain will sign the historic U.S.-Bahrain Free Trade Agreement (USBFTA). To celebrate and to promote increased economic relations between the two nations, the Office of the Economic Representative of the Kingdom of Bahrain (OERB) will host a celebration on September 22, 2004 at The New York Palace Hotel in New York City. The luncheon promises to be both rewarding and informative with a distinguished list of speakers comprised of prominent business and government leaders who will describe--in their own words--why they value the relationship between the two countries. Invited guests include notables from the worlds of business, government, and the military in the U.S. and Bahrain.
His Excellency Abdulla H. Saif, Bahraini Minister or Finance and National Economy, commented on the historic agreement, "In the next few months, the friendship between the United States and Bahrain will blossom yet again, completing a circle that was a century in the making. Together we will create a mutually beneficial economic partnership to complement our well-established social, military and political relationships. Ours is a friendship unlike any in the Arabian Gulf region."
"The celebratory day--September 22, 2004--will be an opportunity for corporations from both countries to solidify--or, in some cases, establish--their presence as leaders of a new era of business between Bahrain and the United States," added Dr. Naser Al Belooshi, Economic Representative of the Kingdom of Bahrain to the United States.
Dr. Naser M. Y. Al BelooshiEconomic Representative of the Kingdom of Bahrain
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Minister Saif To Chair Public and Private Steering Committee
Bahraini Minister of Finance and National Economy, Abdulla H. Saif, has been appointed chair of the newly-organized Public and Private Sector Alliance Steering Committee where he will oversee efforts to encourage partnerships between the Bahraini government and private corporations doing business in Bahrain.
The committee's objective is to facilitate and synchronize efforts to implement Bahraini obligations under the newly-negotiated, soon to be signed, U.S.-Bahrain Free Trade Agreement.
Minister Saif's first act as Chairman was to solicit nominations to the committee from stakeholders with an interest in Bahraini economic development under the terms of the USBFTA.
The public sector is represented by Ministry of Cabinet Affairs (Legal Directorate), Ministry of Commerce, Ministry of Industry, Bahrain Monetary Agency representation includes the Bahrain Chamber of Commerce and Industry, Bahrain Businessmen's Society and Bahrain Businesswomen's society.Bahrain slashes telecommunication registration fees
The Bahraini Cabinet yesterday took a bold step toward the future when it lowered the registration fees for new telecommunication companies keen to enter the Bahrain market. The decision followed a report presented by the Minister of Finance and National Economy, Abdulla H. Saif. The move is seen as on that will energize Bahrain's telecommunications infrastructure.
The Prime Minister, His Highness (HH) Shaikh Khalifa bin Salman Al Khalifa, viewed the decision within the framework of the proactive government policy to attract telecommunications companies and investors to Bahrain.
The Premier called upon all ministries to support activities that provide Bahrainis with the best and most-modern services available. HH Shaikh Khalifa briefed members on his meeting with the governors and municipal heads which, he said, played an important role in supporting and continuing government efforts to provide world-class services for the whole community.
