Israel, Bahrain hope to sign free trade deal by year’s end

Monday, October 31, 2022 | Tag Cloud Tags: ,

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(Worthy News) – Israel and Bahrain hope to sign a free trade agreement within the next two months, officials from both nations said on Monday.

“We’re optimistic and hopeful that we will close the deal by the end of the year,” Bahraini Minister of Industry and Commerce Zayed Alzayani said during a visit to a leading Israeli venture capital firm, Jerusalem Venture Partners.

Under U.S. sponsorship, Israel normalized diplomatic relations with Bahrain and its Gulf neighbor the United Arab Emirates two years ago. However, while Israel’s economic ties with the UAE have grown in recent years, its trade with Bahrain has lagged far behind. [ Source: JNS News (Read More…) ]

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