Bahraini Minister of Commerce, Industry and Tourism Zayed Bin Rashid met Wednesday board chairman of the Israel Export and International Cooperation Institute Adiv Baruch and members of the visiting economic team, Bahrain’s news agency BNA reported.
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28 | the publication reaches you by | Bahrain NewsThe Bahraini minister said that such meetings and economic developments in the Bahraini-Israeli relations will open the door for trade exchange and enhance prospects for bilateral investment cooperation, BNA reported.
“This meeting marks the start of a strategy to boost joint cooperation fulfilling common interests within peace between the two countries,” Zayed said, according to BNA.
The two sides reviewed aspects of cooperation and joint work that “will reflect positively” on economies of the two countries, mainly in trade, industrial and tourism sectors, the agency said.
They agreed that the region is poised for such a major boom in different economic fields that it will lead to an increase in trade exchange and attract joint foreign investments.
Both sides voiced interest in more private sector cooperation in the two countries and initiate mutual visits and joint projects.
In mid-September, Bahrain and Israel signed a US-mediated peace pact in Washington.
Last week, Bahrain and Israel said they would open embassies in each other and launch weekly flights between them during a visit by Bahraini Foreign Minister Abdullatif Al Zayani to Israel, the first such trip by a Bahraini official.
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
