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Sunday, 08 November 2009   |   Last Updated: 10 June 2009

 

Bahrain

Bahrain FlagThe United States-Bahrain Free Trade Agreement (FTA) was the first FTA between the U.S. and a Gulf country and the third between the U.S. and an Arab country. Upon entry into force of the agreement in August 2006, 100 percent of bilateral trade in consumer and industrial products became duty free. Bahrain will phase out tariffs on the remaining handful of agricultural product lines by 2015.

Exports

Bahrain is currently the 82nd largest export market for U.S. goods.The U.S. goods trade balance with Bahrain went from a deficit of $33 million in 2007, to a surplus of $291 million in 2008. U.S. exports in 2008 were $830 million, up 40.3 percent from the previous year.

Imports

U.S. imports from Bahrain were $539 million, down 13.7 percent.

Investment

The stock of U.S. foreign direct investment (FDI) in Bahrain was $60 million in 2007 (latest data

available), down from $138 million in 2006.