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Bahrain has established one of the most diversified economies in the
region, with services accounting for 74.3% of GDP, manufacturing 13.3%,
and oil and gas 11.8%. Despite this, oil and gas account for around 70%
of both government income and merchandise exports. Bahrain has taken
steps to improve its business and investment climate with the objective
of further attracting foreign direct investment. Nonetheless, foreign
companies remain excluded or are limited from investing in certain
activities, such as road transport of goods and passengers.
The report notes that there was a decrease in tariff protection
following the implementation, in 2003, of the common external tariff of
the Gulf Cooperation Council (GCC) of which Bahrain is a member. It also
stresses that Bahrain needs to bring some elements of its trade regime
more up to date and into greater conformity with WTO provisions.
Continued reforms, including the adoption of a competition policy, and
further improvement of Bahrain’s multilateral commitments, both on goods
and services, would contribute to better resource allocation, and
increase the predictability of its trade regime.
The WTO report, along with a policy statement by the Government of
Bahrain, will be the basis for the second TPR of Bahrain by the Trade
Policy Review Body of the WTO on 18 and 20 July 2007.
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The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO. |
The
following documents are available in MS Word format.
Note
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
Print
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
on-line
bookshop.
The
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Panama: 17 and 19 September
2007
Gabon/Cameroon: 2 and 4 October 2007
Peru: 17 and 19 October 2007
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