Zahra Habib
The CEO of Al -Fateh Group Jassem Al -Mousawi said that the escalation of trade tensions between the United States of America and China, after Washington imposed customs duties of 125% on some Chinese imports, will make a major shift in the map of global trade exchange, indicating that this escalation represents a new stage of the trade war between the two economic powers, expecting the direction of Chinese and American factories and projects to expand or move to the Cooperation Council countries Al -Khaleeji is like Bahrain, which enhances job opportunities and investment in the region. Al -Mousawi said: “This decision is expected to reduce the direct trade exchange between America and China, which will push companies from both sides to search for alternative markets for the disposal of goods, to escape the high fees and increased operating costs. In this context, I see that the Middle East and North Africa region, specifically the Gulf region, will be one of the most prominent alternative destinations; Due to the low tax rate, which ranges from 10% to 25%. Negatively to the major industrial companies, which will face challenges in maintaining the sustainability of their operational operations, stressing at the same time that the Gulf region may be one of the most prominent beneficiaries of these changes thanks to their economic stability and the elasticity of their tax environment. Moussawi and another more positive way, by saying: “With the escalation of taxes and customs restrictions between America and China, companies may begin to look at the Gulf region as a neutral area that has a tax environment Reduced, and this may push some Chinese and American factories and projects to expand or move to the Gulf Cooperation Council countries such as Bahrain, which enhances jobs and investment in the region, and it constitutes a real initiative to increase economic activity in the Middle East region, in light of this global transformation.
