Bahrain’s internationalization support arm, Export Bahrain has signed two strategic Memoranda of Understanding (MoU) with ‘Bosnia and Herzegovina Friendship and Business Society’ and ‘Bosna Bank International (BBI)’ to enhance business facilities between the nations.
Under this agreement, Bosnia and Herzegovina will provide necessary and comprehensive support to Bahrain-based businesses to enter European and global markets.
The agreements seek to strengthen cooperation and consolidate financial, technological and other resources between Bahraini businesses and Bosnia-Herzegovina, and to promote made in Bahrain products and services among regional and international buyers.
The strategic partnership will serve as an incentive for Bahraini exporters and as an opportunity to promote and market their products and services to European markets, as well as the transfer of knowledge, expertise and market controls between the two countries.
Under this new agreement, both parties plan to facilitate trade delegations to organize B2B meetings, seminars, webinars, workshops and trade fairs in various sectors to promote Bahrain products and services and facilitate their entry into European other global markets.
Commenting on the agreement, Export Bahrain Acting Chief Executive Officer, Ms. Safa Sharif Abdulkhaliq stated that “The new strategic agreements with ‘Bosnia and Herzegovina Friendship and Business Society’ and ‘Bosna Bank International (BBI)’ will provide valuable trade opportunities for Bahrain-based businesses by easing and facilitating access of their products and services to international buyers from Bosnia and Herzegovina as well as consolidating long-term bilateral economic relations.”
“The agreements are in line with Export Bahrain’s strategic goals and objectives to promote, nurture and enhance the reachability and accessibility of Made in Bahrain products and services to enter regional and international markets,” Ms. Safa Sharif added.
President of Bosnia and Herzegovina Friendship and Business Society Mr. Jawad Al Hawaj said they are trying to create new horizons in terms of jobs, cooperation and common interests between trade, industry, entrepreneurship and service providers.
Mr. Al Hawaj further added that “This agreement with Export Bahrain is a strategic partnership to develop these sectors and enhance trade facilitations between the two countries in various fields between Bahrain-based businesses and European buyers in Bosnia and Herzegovina”
Head of Bosna Bank International VIP Business Club Ms. Azra Colic stated that, Bosna Bank International would like to contribute to the increase in the rate of trade between the two countries and to provide companies with a gateway to expand across the region.
“Hence, I am delighted with the signing of this new strategic partnership with Export Bahrain which will provide opportunities for business development for Bosnia and Herzegovina, Bosna Bank International, and counterparts in the Kingdom of Bahrain,” Ms. Colic added.
Export Bahrain has facilitated local businesses to go global and expand into international markets reporting over $130 million worth of exports with more than 56 different product and service categories across various economic sectors.
Since its inception in November 2018, Export Bahrain has supported products and services that are made in Bahrain reaching more than 57 markets across the GCC, Asia, Africa, Europe, Australia, United Kingdom, and the U.S.
