The meeting discussed the potential establishment of a European Chamber of Commerce in Bahrain, which signifies a pivotal opportunity for fostering robust cooperation between Bahrain and the European Union. This initiative opens avenues for collaboration across various domains, particularly in the realms of trade enhancement. Furthermore, Discussions centered around the areas of cooperation between the Bahrain Chamber of Commerce and Industry and the EU-GCC Dialogue on Economic Diversification. Through joint ventures and collaborative endeavors, such as knowledge sharing, investment facilitation, and technology transfer, both entities can leverage each other's strengths to foster sustainable economic growth and prosperity for the region. This partnership embodies a shared commitment to innovation, development, and mutually beneficial exchanges that pave the way for a more prosperous future.
In addition to the meeting, Nass participated in an event organized by the EU GCC Dialogue on Economic Diversification. He emphasized the strong relations between the GCC countries and the European Union, especially since the GCC is the ninth largest trading partner of the European Union in 2022, with the volume of trade reaching 174 billion euros in 2022. Moreover, the European Union is the second largest trading partner of the GCC countries. Nass pointed out that there are strong opportunities to further promote trade and investment between Europe and Bahrain. He highlighted opportunities for European companies to invest in many promising sectors in Bahrain such as finance, technology, and renewable energy. In addition, European countries are characterized by diversity and leadership in various industries.
Nass predicted that the European Chamber of Commerce will contribute to strengthening bilateral relations and deepening economic cooperation between Bahrain and Europe, especially since the Bahraini private sector is keen to establish cooperative projects and partnerships with its European counterparts.