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Muslimtrade Network members
about Bahrain.

B  A  H  R  A  I  N 

1. GENERAL PRESENTATION: 
1.1 General characteristics
1.2. General Information
1.3 Legal framework of trade relations*

  
2. TRADE STRUCTURE (1996):  
2.1 Main imported and exported products
2.3 Trading partners

  
3. FOREIGN TRADE REGULATIONS:  
3.1 Imports regulations
3.2 Exports regulations

  
4. FINANCIAL REGULATIONS OF FOREIGN TRADE OPERATIONS:  
4.1 Banking system
4.2 Exchange system
4.3 Methods and means for international settlement

  
5. CUSTOMS TAXATION:  
5.1 Applicable duties and taxes
5.2 Special provisions

  
6. FOREIGN TRADE LOGISTIC:  
6.1 International transport
6.2 Telecommunications

  
7. USEFUL ADDRESSES: *

  

1. GENERAL PRESENTATION: 

1.1 General characteristics:

Official name

State of Bahrain
Surface 676 square kilometers
Population 3.1 millions inhabitants in 1996.
Density 902 inhabitants per square kilometer.
Capital  Al Manama
Climate The climate is hot and humid in summer and moderate in winter Temperature can reach 44° in summer during which humidity increases by 85%. In winter temperature range between 10° to 20°.
Main holidays Eid-ul-Adha*, Eid UL-Fitr*, 1st Mouharram*, Eid Al, Mawlid*, 9 and 10 Moharram (Achoura)*, January 1st, and December 16th (National Feast)
Weekly day off Administration: Thursday and Friday 

Banks: Friday

* Variable Dates

1.2. General Information

Language Arabic is the official language and English is used in business circles.
Currency Bahraini Dinar 1 US$ = 0.38BD in 1996
Local time GMT +3 hours
Working hours 
Government offices: 

Saturday to Tuesday: From 7H to 14h15 

Wednesday: From 7H to 14h 
Banks: From Saturday to Thursday: From 7H to 12h and from14h30 to 17h30

1.3 Legal framework of trade relations:

Bahrain is a member of the following international organizations:

World Trade Organization (W.T.O); 
Organization of the Islamic Conference (O.I.C); 
Gulf Co-operation Council 
United Nations Organization (UN)  
Economic and Social Commission for West Africa (ESCWA) 

Bahrain is a member of the League of Arab States and signed economic and trade co-operation agreements with several countries, of which Egypt, Syria, Iraq, Turkey, China, India and Singapore. 

TRADE STRUCTURE (1996): 

2.1 Main imported and exported products

Main imported products

Main exported products

Cars and spare parts Oil products
Cement Aluminium products
Metallic products Aluminium
Antibiotics and products thereof Methanol
Paints Toilet paper; towels and table napkins
Cigarettes Paints
Wheat Vegetable oils and fats

2.3 Trading partners:

Main suppliers

Main customers

USA Saudi Arabia
United Kingdom South Korea
Saudi Arabia Japan
Australia Taiwan

FOREIGN TRADE REGULATIONS: 

Customs barriers are customs tariffs fixed by the WTO.

3.1 Imports regulations



All products are subject to a detailed customs declaration made by the importer. The latter must have an authorization delivered by the trade register administration. He must also be a member of the Chamber of commerce of Bahrain. Products import require the authorization of the brandís representati

The following products are prohibited or subject to restrictions: 

All obscene publications offending public decency, religion and traditions; 
Arms and explosives; 
Food products and beverages containing cyclamate.; 
In spite of being packed in boxes, cigarettes and tobacco products must also bear a warning against the health damages of tobacco.  

Licenses are required for the following products:

Horses; 
Fresh eggs; 
Slot machines. 

The following documents are also required for imports:

A copy of bill of lading. 
A delivery order issued by the carrier or its representatives 
An original copy of the certificate of origin, 
A copy of the insurance policy if goods are insured. 

3.2 Exports regulations

Exports regulations are governed by a few formalities, the exporter must have: 
A registration number at the trade register delivered by the Ministry of trade; 
A register number at the importerís register issued by the Chamber of Commerce and Industry of Bahrain; 
A copy of the insurance policy of the concerned good; 
4 copies of the bill of lading. The information in this document must include the overall weight along with measurements; 
A certificate of origin in Arabic or in English delivered and certified by the Directorate of Customs and Ports of the Ministry of Finance and National Economy. 

FINANCIAL REGULATIONS OF FOREIGN TRADE OPERATIONS: 

4.1 Banking system:

Bahrain is a regional financial center. The banking sector is among the most important economic sectors of the country. In Bahrain there are 17 commercial banks, 47 foreign banks, 22 investment banks, 38 agencies and 3 specialized banks

4.2 Exchange system:

There are no restrictions on exchange transactions made for the payment of imports 

The authority in charge of controlling exchange transactions is Bahrain Monetary Agency, but there is no legislation concerning this kind of control. 

Exchange authorization is valid for 360 days. 

The payment of an advance is allowed.

4.3 Methods and means for international settlement:


There are three methods for international settlement

Documentary credit 
Check 
Bank transfer. 

CUSTOMS TAXATION: 

5.1 Applicable duties and taxes:


There are 5 products groups according to the rate applied for each product

Rates

Products

5% Food products, building materials, paper products, industrial raw materials, medicine and pharmaceuticals, physiotherapy equipment, fresh fruit (+2% for the council).
10% Toys, musical instruments, knifes (arms), spectacles, all sorts of jewelry, leather, spare parts, for cars and boats, textiles, cosmetics, advertising materials, electric household appliances, computers, printers and their accessories.
20% Transport equipment for passengers and goods and other vehicles. 

Pleasure boats and yachts.
70% Cigarettes, cigars and all tobacco products.
125% Alcoholic beverages.

5.2 Special provisions:


There is no particular tax
 

Duties and taxes are imposed on an ad valorem basis; 

In 1983, customs duties on the imports of the products manufactured in the other GCC countries (GUL CO-Operation Council) were abolished; 

Samples that are not intended for sales are exempt from customs duties

FOREIGN TRADE LOGISTIC: 

6.1 International transport:

Maritime transportBahrainís ports provide exceptional services

Capacity of receiving containers up to 50,000 tons/year; 
Competitive tariffs for all services; 
Long storage periods of containers; 
Warehouses with a surface area of 115,000 square meters; 
Facilities for ships maintenance. 


The main port is Salmane Port

Land transportManama, the Capital is provided with a good road network. King Fahd Bridge, inaugurated in 1986 constitutes the main road which connects the country to Saudi Arabia.

Air transportBahrain international airport is 6.5 km North ĖEast of El Manama, the capital. It is provided with banking service open round the clock.

6.2 Telecommunications:


There is only one Telecommunication Company in Bahrain; it provides a variety of services such as

A direct telephone connection and /or by fax with 156 countries and by telex with 216 countries; 
A connection with international data bases; 
A well developed telecommunication for banking operations. 

Bahrain is the only Gulf country which uses numeric transmission in 90% of its network.

USEFUL ADDRESSES: 

ORGANIZATIONS AND PUBLIC ESTABLISHMENTS

ADDRESSES

TEL/TELEX/FAX

Ministry of Trade and Agriculture  BO. BOX 5479 Manama Tel: (973) 531531  

Fax: (973)530455
Ministry of Development and Industry BO. BOX 1435 Manama Tel : (973) 291511 

Fax : (973)256332
Stock exchange BO. BOX. 3203 Tel: (973) 261260 

Fax: (973) 256332
Bahrain Chamber of Commerce and Industry  P.O. Box 248 Manama Tel: (973) 233913 

Fax: (973)241294 

Telex: 8691
Ministry of Finance and National Economy B.P 333 Tel: (973) 530800 

Fax: (973) 532853


 
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