Through this recent, and current, economic crisis, there have been a few key lessons learned. One of them is that people now realize how they are connected. What happens in the East affects what happens in the West, and vice versa. Another great lessons is that of networking marketing. If you eat at a good restaurant, you will tell others about it, and they will eat there as well. The last lesson that I want to highlight is loyalty. If you are loyal to someone or something, that person will in turn be loyal to you.
With the relationship strengthening between the Kingdom of Bahrain and the United States, we see all three of these lessons in their application stage.
A Free Trade Agreement was signed on September 14, 2004, ratified on December 7, 2005, and implemented on August 1, 2006. It is aimed at stimulating flow of private investment between the two countries. There are a few key investments that each country makes in the other that have benefited from this act.
The Kingdom of Bahrain is rich in oil. The United States has a strong dependence upon foreign oil. However, there are some countries that the US does not have good relations with, that are oil rich. Therefore, the US depends greatly upon the good relationship with Bahrain in order to obtain oil.
Bahrain also enjoys a free market economy. In fact, they are recognized as the greatest free market economy country in the Middle East, and the tenth freest in the world. With that type of economy, US businesses can be established and flourish. American companies can take advantage of this by establishing businesses in Bahrain, even registering their business there, and being allowed on the Stock Exchange in order to raise capital. In exchange for this opportunity, the US brings income into Bahrain as businesses operate there, and the people are employed.
This is a true win-win situation, and another reason that the relationship between the Kingdom of Bahrain and the United States is so important not only to these two countries, but to the world.
Each week, we want to share with you the vision of Bahrain American Council and what we are doing to fulfill that vision. We want to share with you the events and issues between the Kingdom of Bahrain and the United States, and our thoughts about their importance as the two countries strengthen their mutually beneficial and amicable relationship.
Friday, March 30, 2012
Friday, March 23, 2012
US Fifth Fleet in Bahrain
The kingdom of Bahrain and the United States of America share interests in each other economically, socially, politically, and militarily. The geographical location of Bahrain is of great importance to the US, and the whole world knows it. Nobody knows it better than Iran. This tyrannical leadership of Iran has made their desires very clear, but the fruition of those desires, for now, have been foiled because of the Bahraini-US relationship.
The US Navy Fifth Fleet not only provides physical safety and security to many people, it indirectly provides economic growth to Middle East regions and the US.
The placement of the Fifth Fleet in the United States Navy is no accident. It was strategically placed there. It was critical that they be there in order to maintain open the Strait of Hormuz. It's important they are there to bring stability to the Middle East regions that so desperately want it. The Fifth Fleet keeps the waterways open to trade, something of vital importance to Bahrain and the US. If goods can not go in nor come out, money is not exchanged, and then production would eventually cease.
His Majesty, King Hamad Bin Isa Al-Khalifa visits Fifth Fleet |
Bahrain demonstrates great courage and strength in being host to these courageous men and women. They show their commitment to democracy and reform, to freedom and progress.
The relationship between Bahrain and US is strengthened through US Navy influence
and Bahraini reform and openness.
Fo read more about US Navy Fifth Fleet, visit their site.
Tuesday, March 20, 2012
Welcome to BAC Weekly
This is what this spot is all about! The relationship between Bahrain and the United States. What are the two countries doing to help each other in a variety of fields, industries, and endeavors. From education to armed forces, these two countries are allies and friends. BAC Weekly will share that relationship in hopes to further and strengthen it.
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