The Kingdom of Bahrain has signed several bilateral and multilateral Economic Agreements with various countries and economic blocs of the world.
These bilateral and multilateral economic agreements provide the legal framework for joint financial and economic cooperation with the various countries and economic blocs.
They also provide the legal, legislative, and economic support to attract foreign direct investments and encourage joint investments with our partners. They also serve the private sector by opening new markets for Bahraini products and services of all kinds.
The Kingdom of Bahrain’s bilateral and multilateral Economic Agreements include the Agreement for the Promotion and Protection of Investments, Free Trade Agreements, and the Agreement / MOU for Economic, Trade, and Technical Cooperation.
Agreement for the Promotion and Protection of Investments (APPI)
The primary aim of an APPI is to promote investments in both contracting parties by creating a favorable investment climate, expressed in stability and security for the investor.
It also aims to enhance economic cooperation and bilateral investments through measures such as reducing conditions of uncertainty and increasing transparency. The Kingdom of Bahrain currently has 40 in-force APPIs with partners from around the world.
Free Trade Agreement (FTA)
The primary aim of an FTA is to promote bilateral trade in contracting parties by the reduction or elimination of tariffs and non-tariff barriers on the trade in goods.
It also aims to enhance economic cooperation and bilateral investments through opening new markets for Bahrain’s goods and services. The Kingdom of Bahrain currently has 4 in force FTAs with partners and economic blocs from around the world.
Agreement / MOU for Economic, Trade, and Technical Cooperation (ETC)
The primary aim of an Agreement / MOU for Economic, Trade, and Technical Cooperation is to strengthen relations and develop economic and technical co-operation between the contracting parties on the basis of equity and mutual benefit through the establishment of a joint economic commission.
The Kingdom of Bahrain currently has 35 in-force ETCs with partners from around the world.