Bahrain inks trade deal with France

31 May 2010

(MENAFN) Bahrain?s Economic Development Board (EDB) and Greater Paris Investment Agency of France have signed a deal to promote the two nations as business hubs and boost investments, BNA reported.

The memorandum of understanding (MoU) was signed at the EDB headquarters by EDB chief operating officer Kamal Ahmed and the agency’s vice-chairman Pierre Simon.

The agreement will see the two organizations work in partnership to present Bahrain and France as ideal bases for investors looking to access the European and Gulf markets, said an EDB statement.

Both parties will facilitate investment and partnerships between respective business communities.

Under the deal, there is also an agreement to work with the relevant authorities to ease restrictions on doing business between the two countries and the hosting of workers, researchers and students from each country.

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