Bahrain is striving to grow its assets under any circumstances and will not be significantly affected by the 10 per cent US customs tariff imposed on it,” Bahrain Chamber chairman Sameer Nass said yesterday.
“Following the imposition of US customs tariffs on countries around the world, it has become increasingly necessary to expand economic activities to reduce barriers between nations and investments,” he said in a statement.
“Bahrain does not rely solely on US markets, but also has access to other markets that offer numerous alternative options for goods at lower prices, which can benefit consumers through reduced costs,” he added, highlighting the opportunity for the kingdom to promote its local products abroad.
“Countries like China, which have been subjected to high US customs tariffs, could also benefit from Bahrain’s markets by establishing factories here. This presents a new opportunity to open up investment avenues in Bahrain, especially as the kingdom provides exceptional investment incentives,” he stressed.
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