Bahrain firms urged to focus on exports
Manama, August 28, 2013
Bahrain Industry and Commerce Minister Dr Hassan Fakhro has called on local manufacturers to develop a culture of export which would not only enable them to diversify their income sources but also enhance competitiveness.
The minister made the comment yesterday while inaugurating the Export for Manufacturers Forum at the Mšvenpick Hotel in Muharraq, reported the Gulf Daily News, our sister publication.
Emphasising the importance of such events, Dr Fakhro said they help to enhance, build and develop export infrastructure in manufacturing business units.
"They also help to educate manufacturers about exports and refine and develop professional skills pertaining to tenders, quotations, negotiation and contracts," he added.
Praising the organisers of the forum, the minister said stimulating exports through the private sector and specialised institutions in the field will benefit the national economy.
"Linking exports with small and medium enterprises (SMEs) will enhance their ability to increase sales," he said.
"Strengthening of communication among all stakeholders will also help to identify and address export process deficiencies," he observed.
"The Export Development Centre project, currently being developed by the Industry and Commerce Ministry, is evidence of the government's interest in export promotion strategy," the minister added.
Dr Fakhro pointed out that economic challenges today require additional efforts to maintain the gains and consolidate the kingdom's long history as a strategic location for businesses and economic services and a gateway for global investments.
Organised by Bridge Training Solutions, the forum also featured a lecture by exports expert Allan Deacon.-TradeArabia News Service