Bahrain committed to boosting volume of joint trade exchange with Brazil: HM King Hamad

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

His Majesty King Hamad bin Isa Al Khalifa yesterday stressed Bahrain’s sustained drive to achieve economic diversification, by focusing on smart technology-driven sectors in particular.

During yesterday’s remote meeting with Brazilian President Jair Bolsonaro, HM the King stressed commitment to support projects which would help boost the volume of joint trade exchange with Brazil, which stood at $902 million, consisting mainly of iron, steel and oil.

“We look forward to continuous growth in the commercial partnership between our two countries.

We have directed the relevant economic authorities to discuss commercial opportunities with their counterparts in Brazil,” he said.

HM the King said that the Brazilian trade delegation to Bahrain would provide a propitious occasion to explore investment opportunities.

He commended President Bolsonaro’s efforts to combat the COVID-19 pandemic which took a devastating toll on the global economy.

“We are convinced that boosting the volume of trade exchange between us will help support a strong economic recovery,” he said, adding that Bahrain is looking forward to the opening of the Brazilian Embassy in Manama.

HM the King said that he had directed competent authorities to expedite the operation, to reflect strong diplomatic relations between the two countries.

He announced that Bahrain would soon appoint an ambassador to Brazil, looking forward to the official opening of Bahrain’s embassy in Brasilia as soon as possible.

He welcomed the signing of a joint defence cooperation agreement to consolidate consultation across all fields of common concern.

He noted the participation of Brazilian Navy servicemen in the coalition forces based in the Kingdom of Bahrain, extending an invitation to President Brasilia to visit Bahrain, adding that he would be received warmly given the appreciation that Brazil and its people enjoy from the people of Bahrain.

President Bolsonaro also congratulated HM the King on the signing of the Abraham Accords with Israel, which represents a message of peace from HM the King to the world.

He underscored the importance of strengthening political, economic, industrial and agricultural relations and developing ties in the sector of food security.

President Bolsonaro said that his country would send delegations to the Kingdom of Bahrain to discuss ways of consolidating cooperation across all fields. He said that he is looking forward to meeting HM the King soon, wishing such meetings to continue.

 He also extended thanks to HM the King for inviting him to visit Bahrain, wishing the Kingdom and its people further progress and prosperity.

 In attendance were Royal Court Minister Shaikh Khalid bin Ahmed Al Khalifa, Foreign Minister Dr Abdullatif bin Rashid Al Zayani and Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani.