BUSINESS

Bahrain boosts relations with Hangzhou for stronger trade

November 21, 2018

HANGZHOU, Zhejiang —

A senior delegation from Bahrain Economic Development Board (EDB) met with Zhang Zexi, Vice Chairman of Zhejiang Provincial Political Consultative Committee and a number of local government officials and business leaders at the Bahrain- Zhejiang Business Forum in Hangzhou, Zhejiang last Nov. 19.

The forum coincided with the signing of a friendly cooperation agreement between Manama Governor Sheikh Hisham bin Abdulrahman Al Khalifa and Chen Weiqiang, Vice Mayor of Hangzhou.

Hangzhou is Bahrain’s second friendly cooperation in China, and the new relationship represents a significant step towards stronger business ties between the two countries ahead of next year’s 30th anniversary milestone of diplomatic relations.

Sheikh Hisham bin Abdulrahman said: “We are very excited to work with Zhejiang to create a supportive environment for cross-border business activities, enhancing information exchange and facilitating the growth of SMEs in both countries. Both Bahrain and Zhejiang have highly digitalized economies. We believe a partnership with the Zhejiang government and local leading businesses, such as Jolly Chic, will help both Bahrain and Zhejiang accelerate digital transformation in the 21st century economy.”

Chen Weiqiang said: “Hangzhou and Bahrain have had a long history of trade - since ancient Maritime Silk Road. Under the Belt and Road Initiative, we believe Hangzhou and Manama will have even greater opportunities for cooperation. Hangzhou is a leading city when it comes to China’s digital economy.”

, and a number of leaders in the industry make Hangzhou their home, including names such as Alibaba. We look forward to strengthening links with Bahrain in the areas of business and culture.” — SG


November 21, 2018
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