mardi 17 février 2009

Invest in Bahrain


Bahrain
Latest news
Visit to the Middle East by President Nicolas Sarkozy (February 10 & 11, 2009)
This trip provided an opportunity to sign agreements and issue joint statements with the authorities of the three countries: notably, in Bahrain, an agreement regarding medical training, a military cooperation agreement, and a joint statement on cooperation on civilian nuclear energy; and in Kuwait, a joint statement by the heads of state on the strategic partnership between the two countries, and a joint statement by the economy ministers.
Lire
Introduction
France maintains cordial and trusting ties with Bahrain. The French government supports King Hamad’s opening policy. This latter has made several official visits to France, first as Crown Prince (4 July 1995, 5 September 1997), and then as sovereign of Bahrain (15 July 1999 - his first head of state visit outside the Arab world, 12 September 2000 and 4 May 2001). Beginning in December 2002, relations between France and Bahrain have been rekindled through an increased number of official French visits to Manama: Mr. Renaud Muselier (Secretary of State for Foreign Affairs), followed by Ms. Michèle Alliot-Marie (Defence Minister), Mr. Dominique Bussereau (Secretary of State for Transport and the Sea), Mr. Dominique de Villepin (Foreign Affairs Minister) and Mr. Gilles de Robien (Minister of Equipment, Transport, Land-Use Planning and the Sea, in November 2004).
Bahrain’s Prime Minister, Sheikh Khalifa, made an official visit from 19 through 24 February 2004, during which he was received by the French President. Sheikh Khalifa also met with the Prime Minister, the President of the Senate, the Minister of the Economy and Finance, the Secretary of State for Transport and the Sea, and the President of the Institut du Monde Arabe.
Crown Prince Sheikh Salman made a working visit to France on 20 and 21 June 2005, during which he was received by the French President, the Foreign Affairs Minister and the Defence Minister.
Interior Minister Sheikh Rashed made an official visit to France from 27 to 30 November 2007, during which he was received by Interior Minister Ms. Alliot-Marie.


-------------------------------------------------------------------------------------------------

Economic relations
Economic relations
France and Bahrain have signed several bilateral agreements to promote their trade: economic and industrial cooperation agreement of 21 April 1977, tourism cooperation agreement of March 1980, non-double taxation agreement of 10 May 1993, air agreement of 3 July 1995, reciprocal investment protection and incentive agreement of 24 February 2004.
France’s economic presence in Bahrain is concentrated in four sectors: aluminium, oil, electricity, and banking. Our exports doubled in 2004 compared with 2003, making us Bahrain’s fifth-leading supplier (5.9% of the market share) in 2004, behind Japan, Saudi Arabia, Germany and the United Kingdom, but ahead of the United States and China. This growth stopped suddenly in 2005, because of a lack of big contracts and in spite of the involvement of several French groups in calls for tenders launched by the Bahrain government, particularly in the field of infrastructures. French exports grew again in 2006 (20.7%), reaching 109.6 million euros. France is the source of 1% of foreign direct investments received by the kingdom. For the most part, Bahrain’s exports to France are composed of refined oil products and aluminium.
A reciprocal investment protection and incentive agreement was signed in Paris on 24 February 2004 in the presence of both Prime Ministers.


Aucun commentaire:

Enregistrer un commentaire