Bahrain, Bermuda sign MoU on maritime and air freight services

Manama, Feb. 1 (BNA): As part of his official visit to the Kingdom of Bahrain, the Honourable E. David Burt, JP, MP, Premier of Bermuda, it was announced that Bermuda has been granted the status of an official partner for maritime and air freight services.

The meeting was attended by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister.

Abdullah bin Adel Fakhro, Minister of Industry and Commerce, emphasised the importance of further developing bilateral relations between Bahrain and Bermuda in various domains, especially in global transport, shipping services, and logistics. He noted both sides’ commitment to enhance cooperation and coordination to serve mutual interests and support sustainable economic development in both countries.

The agreement contributes to reinforcing the Kingdom’s position as a leading global logistics hub by providing a functional framework to speed up and integrate the movement of goods between maritime and air freight transport between the two countries. It supports the streamlining of customs and regulatory procedures for approved operators, ensuring faster and more efficient cross-border flow of goods.  

The announcement also supports operational efficiency by providing innovative solutions to connect ports and airports in both countries, supporting global supply chains by creating a secure trade corridor linking the Middle East and the North Atlantic region, and stimulating economic growth by creating new opportunities for logistics companies and providing a conducive investment environment under the Ministry of Industry and Commerce.