Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Japan is Bahrain's second largest trade partner with a trade volume in excess of $3.5 billion said the Industry and Commerce Minister Dr. Fakhro during the meeting organised by the Bahrain-Japan Economic Co-operation Association (JBECA).
Dr Fakhro added that "This has created challenging opportunities for businessmen on both sides; Japan is known throughout the world for its world-class manufacturing and high productivity".
The automotive components sector, especially production of aluminium and aerospace components, are areas where vast untapped potential exists in Bahrain.
Japanese car majors already have a dominant presence in the region and the automotive component market in GCC is estimated to be worth several billion dollars.
There are good opportunities for the ICT businesses in Bahrain to tap into Japanese market, Dr Fakhro stressed that Bahrain is a mature and well-established business hub having some of the largest financial institutions in the Gulf.
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