Bahrain : Export Bahrain has signed a Memorandum of Understanding (MoU) with Tradeling, the eMarketplace focused on business-to-business (B2B) transactions in the MENA region, to support Bahrain-based businesses to export across the region through the platform.
The agreement will contribute to increasing the trade volume between Bahrain-based companies and international buyers and promoting and creating awareness for local and regional buyers about companies headquartered in Bahrain, Export Bahrain said in a statement.
The MoU also supports companies in Bahrain to be part of Tradeling programmes and avail services including inventory management, warehousing, and custom clearance, that is in addition to onboarding Bahrain-based sellers on Tradeling on a regular basis.
“This MoU with Tradeling unlocks valuable opportunities for businesses in Bahrain to connect with B2B sellers and buyers around the world, offering them a wide variety of products in various categories,” Export Bahrain Acting Chief Executive Sharif Abdulkhaliq said.
“It serves to actualise our strategic goal to enable Bahrain-based companies, especially SMEs, access to openings that contribute to achieving their expansion and international growth objectives.”
E-commerce has become a significant growth tool for any business, and Tradeling platform offers SMEs in Bahrain an ideal gateway to a wider customer base across the MENA region and gain broader recognition of their products and services, she added.
“This will also have positive reflections on export operations, providing businesses with the needed facilitation to improve supply chains and enhance the flow of products and services. We look forward to seeing companies in Bahrain benefiting from this leading platform as a launchpad towards regional and global growth.”
Marius Ciavola, Chief Executive Officer at Tradeling said that “the signing of the agreement would significantly benefit businesses in Bahrain and encourage them to capitalise on the provided special offers, competitive prices, seamless trading procedures and much more.”
Export Bahrain is a national initiative that aims to strengthen the private sector’s role, promote exports, and increase the competitive power of local SMEs through a unique range of innovative solutions.
Since its establishment in 2018, the initiative has facilitated over $110 million in SME export value, providing SMEs in Bahrain with the necessary support to export more than 51 different product and service categories across 10 sectors.
It has also facilitated outreach to more than 56 markets across the GCC, Asia, Africa, Europe, Australia, United Kingdom, and the United States of America.
Tradeling has over 100,000 registered buyers and sellers from over 55 countries.
