Bahrain Ambassador Applauds Congressional Action

Senate Finance and House Ways & Means Unanimously Vote Bahrain Free Trade

Agreement Out of Committee



Nov 18, 2005, 00:00 ET from The Embassy of Bahrain

    WASHINGTON, Nov. 18 /PRNewswire/ -- The Bahrain Ambassador to the United
 States, His Excellency, Dr. Naser Al Belooshi, applauded the leadership of the
 Senate Finance and House Ways & Means Committees today following their
 unanimous support for the U.S.-Bahrain Free Trade Agreement ("FTA").
     "The Kingdom of Bahrain is most grateful to the leadership of the Senate
 Finance and the House Ways & Means Committees," said Ambassador Belooshi.
 "Today's action demonstrates this mutually beneficial economic relationship
 can complement our well-established social, military and political
 relationships."
     The Kingdom of Bahrain began FTA negotiations with the United States in
 January 2004 and the Agreement was signed in September 2004.  Upon taking
 effect, the FTA will provide immediate duty-free access to one hundred percent
 of consumer and industrial products.  As the financial capital of the Middle
 East, this agreement firmly positions Bahrain as the "Gateway to the Gulf."
 Bahrain has a GDP of more than $900 billion and provides trading access to the
 1.3 billion people in the surrounding region.
     Bahrain has been a steadfast ally to the United States for more than one
 hundred years, including fifty years as the host to the U.S. Navy's Middle
 East Operations, now the Fifth Fleet.  Over the last several years Bahrain has
 implemented significant political, economic and social reforms and has
 demonstrated the importance of democratic reform in the region.  Bahrain's
 commitment to peace and prosperity is clearly illustrated in the 9/11
 Commission Report which acknowledged the importance of economic openness in
 the Middle East and encouraged Congressional approval of this Agreement.
     Congress is expected to consider this Agreement following the Thanksgiving
 recess.  "We look forward to this FTA receiving full consideration," Belooshi
 concluded.
 
     CONTACT: Beth Viola
              (202) 457-7030
 
              Kate Dando
              (202) 457-1817
 
 

SOURCE The Embassy of Bahrain
    WASHINGTON, Nov. 18 /PRNewswire/ -- The Bahrain Ambassador to the United
 States, His Excellency, Dr. Naser Al Belooshi, applauded the leadership of the
 Senate Finance and House Ways & Means Committees today following their
 unanimous support for the U.S.-Bahrain Free Trade Agreement ("FTA").
     "The Kingdom of Bahrain is most grateful to the leadership of the Senate
 Finance and the House Ways & Means Committees," said Ambassador Belooshi.
 "Today's action demonstrates this mutually beneficial economic relationship
 can complement our well-established social, military and political
 relationships."
     The Kingdom of Bahrain began FTA negotiations with the United States in
 January 2004 and the Agreement was signed in September 2004.  Upon taking
 effect, the FTA will provide immediate duty-free access to one hundred percent
 of consumer and industrial products.  As the financial capital of the Middle
 East, this agreement firmly positions Bahrain as the "Gateway to the Gulf."
 Bahrain has a GDP of more than $900 billion and provides trading access to the
 1.3 billion people in the surrounding region.
     Bahrain has been a steadfast ally to the United States for more than one
 hundred years, including fifty years as the host to the U.S. Navy's Middle
 East Operations, now the Fifth Fleet.  Over the last several years Bahrain has
 implemented significant political, economic and social reforms and has
 demonstrated the importance of democratic reform in the region.  Bahrain's
 commitment to peace and prosperity is clearly illustrated in the 9/11
 Commission Report which acknowledged the importance of economic openness in
 the Middle East and encouraged Congressional approval of this Agreement.
     Congress is expected to consider this Agreement following the Thanksgiving
 recess.  "We look forward to this FTA receiving full consideration," Belooshi
 concluded.
 
     CONTACT: Beth Viola
              (202) 457-7030
 
              Kate Dando
              (202) 457-1817
 
 SOURCE  The Embassy of Bahrain