Khaled Musa
Today, Gulf countries have a relative advantage to become a center for industries exporting to the United States of America by taking advantage of the relatively low customs tariffs of 10%, which is the least globally, by attracting factories from the world to the Gulf and exporting their products to the American market.
And when the Gulf states offer themselves as a unified market with comprehensive privileges, it will be a more attractive destination for international companies looking for alternative production sites, and thus the companies in the countries subject to exorbitant customs tariffs, such as China and the countries in East Asia, can create manufacturing facilities in the Gulf, and export their products to the American market with reduced definitions, and this strategy can turn the Gulf states into a major regional and international manufacturing center, especially With its competitive advantages that make it eligible for this role.
The Gulf states have an advanced infrastructure that includes marine ports among the most efficient in the world, in addition to a network of international airports linking the region all over the world, as the Gulf states also provide an ideal operating environment with low energy costs, and the presence of specialized industrial areas equipped with the latest technologies, and competitive tax systems, so if a Chinese company wants, for example, to transfer part of their production to the Gulf or all, can be attracted by the Gulf states easily thanks to what is abundant It has facilitated investment capabilities and policies, and it can also provide them with additional hooves such as tax exemptions and facilities in the recruitment of employment and accelerate industrial licensing procedures.
It is known that all Gulf countries have successful experiences in attracting investments, and have succeeded in attracting major industrial companies and investments from international companies in aluminum, petrochemical and medicine sectors, and Gulf integration in light of this opportunity we have, we will enable us to expand this model to include more varied sectors, from electronics to cars to consumer products and many others.
Bahrain in particular has strong economic relations with the United States of America, here we have the American industries region and the free trade agreement, and many major American companies are based in Bahrain as the headquarters of its business and benefit from the benefits that the Kingdom has as an attractive investment destination at the region level, including the Amazon Web Service Corpses, which launched in Bahrain the first huge data center in the region, along with the company “Mondeeliz” that exports its products to reach To Australia and New Zealand, City Bank, which launched the City International Technology Center in 2021 in Bahrain.
Also, the Minister of Industry and Trade confirmed a while ago that the Kingdom of Bahrain will proceed with the commitment to the policy of customs exemption on American goods, and to continue to work to strengthen trade relations based on the free trade agreement that has established its position since its inception as a successful model of strategic economic partnership.
American fees on imports for the American market are a chance more than a challenge, and the Arab Gulf states, including the Kingdom of Bahrain, are able to seize them.
