INDIA’S TRADE WITH BAHRAIN (Amount in Rs. Crores/$ Million)
Details
April 2006-March 2007
April 2007-March 2008
April 2008-March 2009
April 2009-March 2010
April 2010-March 2011
India’s non-oil exports to Bahrain
Rs. 830.71 ($ 184.52)
Rs. 1,013.34 ($ 252.47)
Rs. 1,314.07 ($ 286.52)
Rs. 1,185.07 ($ 250.21)
Rs.4115.43 ($ 912.18)
India’s non-oil imports from Bahrain
Rs. 2,131.10 ($ 471.23)
Rs. 3,338.82 ($ 835.42)
Rs. 6,366.72 ($ 1,442.82)
Rs. 2,384.55 ($ 502.86)
Rs.2919.49 ($ 641.25)
Total trade
Rs. 2,961.81 ($ 655.75)
Rs. 4,352.15 ($ 1,087.89)
Rs. 7,680.79 ($ 1,729.34)
Rs. 3,569.62 ($ 753.07)
Rs. 7,034.92 ($ 1,553.43)
Source: MOC, New Delhi February 2012
INDIA’S OIL IMPORTS FROM BAHRAIN (Amount in Thousand US Dollars)
Details
January - December 2007
January –December 2008
January – December 2009
January – December 2010
India’s Oil imports
US$550.17
US$1,650.08
US$518.26
US$517.603
January-September 2011
US $957.954
Source: NOGA, Kingdom of Bahrain. November 2011
3. Trade Promotional Activities organized in March 2012 in Bahrain and activities planned in the next six months.
i) Details of the Metal Buildings & Steel Structures Expo 2012 (MBSS’12) –India’s flagship event on Steel Structures & Allied Metals, organized by the INIS Enterprises from April 12-14, 2012 at the Bombay Exhibition Centre, Mumbai, India, were forwarded to Ministry of Foreign Affairs, Bahrain Chamber of Commerce and Industry, Bahrain Businessmen’s Association, Bahrain India Society, Economic Development Board and companies in the related fields for information and participation (BAH/COM/212/10/2012). ii) Details of the INDIALLIA 2012 organized by the World Trade Centre (WTC) Mumbai and All India Association of Industries (AIAI) from 23-25 April 2012 at Expo Center, World Trade Centre Mumbai, India, were forwarded to Ministry of Foreign Affairs, Bahrain Chamber of Commerce and Industry, Bahrain Businessmen’s Association, Bahrain India Society, Economic Development Board and companies in the related fields for information and participation (BAH/COM/212/11/2012).
4. Delegation from India to Bahrain and Delegation from Bahrain to India.
Renowned Former Indian cricketer Mr. Kapil Dev nicknamed ‘The Haryana Hurricane’ one of the most famous Indian cricketers of all time has visited Bahrain to attend the monthly social gathering of the Bahrain India Society on March 22, 2012. He was the guest speaker of the event which was held at the Elite Crystal Hotel in Juffair, Kingdom of Bahrain.
5. Important International Trade Fairs/Exhibitions in Bahrain. Report on recent such fairs/exhibitions, including details of Indian participation & response.
GEO 2012:
The 10th Middle East Geosciences Conference & Exhibition (GEO 2012) themed “ The Future of geosciences in the Middle East”, organized by Arabian Exhibition Management in cooperation with the National Oil and Gas Authority (NOGA) and support of the American Association of Petroleum Geologists, the European Association of Geoscientists and Engineers, the Society of Exploration Geophysicists, Dhahran Geoscience Society, the Bahrain Geoscience Society, the Geological Society of Oman, the Emirates Society of Geoscientists and the Qatar Geological Society was held in Bahrain from 4th March to 7th March 2012, at Bahrain International Exhibition and Convention Centre. More than 150 companies from 27 countries took part in the exhibition to showcase the latest technologies in the oil and gas industry.
EDUTEX BAHRAIN 2012:
EDUTEX Bahrain 2012, was organized by The Mashal Group Chairman Dr. Yousef Mashal was held in Bahrain from 13th March to 15th March 2012, at the at Bahrain International Exhibition and Convention Centre. Over 100 universities and educational institutions from across the world gathered under one roof at the event. The objective of the event was to gather the best educational authorities, colleges, universities and institutions to provide career opportunities for the students.
PIPELINE OPERATIONS & INTEGRITY MANAGEMENT:
The Conference and exhibition on Best Practices in Pipeline Operations and Integrity Management 2012, organized by the international event organizers Tiratsoo Technical and Clarion Technical Conferences, with collaboration from Global Web Energy Consultants, in coordination with the National Oil and Gas Authority (NOGA), was held in Bahrain from 19th March to 21st March 2012 at the Gulf Convention Centre, Gulf Hotel. More than 420 delegates from 26 countries including US, Canada, UK, Australia, Russia and Germany along with a large number of interested people and specialists from the Gulf Cooperation Council (GCC) region attended the event. Sixty-five companies took part in the exhibition, exhibiting latest technology in the field.
MARA’EE BAHRAIN ANIMAL PRODUCTION SHOW 2012:
The Mara’ee Bahrain Animal Production Show 2012 was held in Bahrain from 22nd March to 27th March 2012. Over 200,000 visitors from Bahrain and across the GCC had visited the show. A total of 162 exhibitors from 32 countries participated in the trade show. Each of the exhibitors showcased their unique expertise and knowhow to help contribute to the growth of Bahrain’s Animal production, farming and agriculture sectors. Apart from promoting business and trade, Mara’ee also provided education and entertainment opportunities. For kids and family, Mara’ee provided learning opportunities through a vide range of shows and activities. 15TH INTERNATIONAL BOOK FAIR:
The 15th Bahrain International Book Fair was held in Bahrain from 22nd March 2012 to 1st April 2012 at the Bahrain International Exhibition and Convention Centre. Tens of thousands of people attended a prestigious book fair .More than 300 Arab and foreign publishing houses exhibited their latest publications at this event. This book fair featured book in English and Arabic on a variety of topics such as art and design, short stories, novels, cook books, travel books, coffee table books and many more as well as activities for children.
NAME OF EXHIBITION
SCHEDULED DATE
2ND EXPO SCIENCES ASIA
April 17-19, 2012
THE HEALTH & WELLNESS EXPO
April 17-19, 2012
FOOD & HOSPITALITY EXPO
April 17-19, 2012
2ND INTERNATIONAL MEDITATION & SELF EMPOWERMENT CONFERENCE
April 18-21, 2012
GULF BID & GULF INTERIORS 2012
April 24-26, 2012
THE 2012 FORMULA ONE GRAND PRIX
April 20-22, 2012
THE MIDDLE EAST PETROTECH 2012
MAY 20-23, 2012
8TH MIDDLE EAST REFINING & PETROCHEMICALS CONFERENCE & EXHIBITION
MAY 20-23, 2012
21ST JEWELLERY ARABIA 2012
OCTOBER 16-20, 2012
CAREER EXPO 2012
NOVEMBER 6-8, 2012
INDIAN PROPERTY EXHIBITION
DECEMBER 6-8, 2012
6. Important Trade & Investment activities by other countries in Bahrain and Analysis of Export performance of competing countries. Nil
7. Analysis of global exports & imports of Bahrain especially with respect to products of export and import interest to India.
Bahrain’s non-oil exports/imports (Top countries)
EXPORTS (Amount in Million)
S.No.
Country
Amount in BD
Amount in US$
1
Saudi Arabia
275.30
729.55
2
U.A.E.
100.06
265.16
3
Qatar
77.65
205.77
4
U.S.A.
64.97
172.17
5
India
64.23
170.21
6
Sultanate of Oman
30.46
80.72
7
Kuwait
29.68
78.65
8
Egypt
23.30
61.75
9
Australia
20.05
53.13
10
Jordan
18.39
48.74
Remaining countries
202.13
535.64
Bahrain’s total exports
906.22
2,401.49
IMPORTS
S.No.
Country
Amount in BD
Amount in US$
1
Saudi Arabia
171.01
453.17
2
U.A.E.
87.57
232.06
3
China
69.87
185.15
4
Australia
46.88
124.23
5
Japan
46.01
121.92
6
U.S.A.
35.69
94.57
7
Kuwait
28.99
76.82
8
U.K.
28.09
74.43
9
Germany
26.44
70.06
10
France
20.49
54.29
Remaining countries
176.34
467.30
Total
737.35
1,953.98
**
India
13.19
34.96
Source : BCCI, Bahrain
*The above figures are not final, as per BCCI.
Total trade in US$ with India by top 10 commodities
India’s non-oil exports/imports with Bahrain during (Top commodities)
EXPORTS
Sl.No.
HS Code
Commodity
Amount in US$ Million
1
84
Boilers, machinery and mechanical appliances, parts thereof
34.53
2
90
Optical, Photographic, Cinematographic measuring, checking precision, medical or surgical instruments and apparatus parts and accessories thereof
28.05
3
85
Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers and parts
20.08
4
72/73
Iron and Steel
19.75
5
28
Inorganic chemicals, organic or inorganic compounds of precious metals, or rare-earth metals, or radi. Elem. or of isotopes
15.07
6
07
Edible Vegetables
9.29
7
08
Edible Fruit and Nuts
8.84
8
39
Plastic and articles thereof
7.51
9
02
Meat and Edible Meat Offal
7.38
10
62
Articles of Apparel and clothing accessories, not knitted or crocheted
7.28
11
52
Cotton
6.78
12
10
Cereals
6.17
India’s total exports to Bahrain
250.21
IMPORTS
Sl.No.
HS Code
Commodity
Amount in US$ Million
1
27
Mineral fuels, mineral oils and products of their distillation, bituminous substances, mineral waxes
248.34
2
76
Aluminium and articles thereof
82.44
3
31
Fertilisers
35.45
4
26
Ores, slag and ash
32.73
5
72/73
Iron and Steel
24.30
6
28
Inorganic chemicals, organic or inorganic compounds of precious metals, or rare-earth metals, or radi. Elem. or of isotopes
19.33
8
74
Copper and articles thereof
9.21
7
78
Lead and articles thereof
8.16
9
25
Salt, Sulphur, earths and stone, plastering materials, lime and cement
7.59
11
47
Pulp of wood or of other fibrous cellulosic material, waste and scrap of paper or paperboard
4.40
10
71
Natural or cultured pearls, precious or semi-precious stones, precious metals and Articles, clad with precious metal and articles,, Imitation Jewellery, Coins
3.59
12
86
Misc
1.60
India’s total Imports from Bahrain
502.86
Source : MOC’s website : www.commerce.nic.in
8.Market prospects in respect of major items of Indian export interests.
9. Trade Enquiries from India and Trade Enquiries from Bahrain: Annexure-I
10. Trade Complaints received during March 2012 and follow up action on earlier complaints: Nil
11. Indian Investment in Bahrain (company wise and sector vise), and performance of existing Indian Subsidiaries/ Joint Ventures/ Collaborations, if any in Bahrain.-Nil
12.Status of ongoing major investments by Indian PSU’s/ Pvt Sector in Bahrain, and proposed Indian investments in Bahrain. -Nil
13. Analysis of Investment opportunities in Bahrain.- Nil
14. Status of trade and investment related issues taken up by the mission with the government of Bahrain. – Nil
15. Details and result of meetings & interactions of the Mission with Trade Industry and Economic Ministries/Department/Agencies in Bahrain. -Nil
16. Important policy changes by the government of Bahrain, especially with respect of trade, investment, aid/credit facilities etc. - Nil
17. Position of Bahrain on WTO related issues and issues with respect to other important multilateral for. Recent important changes in policy and public opinion in these areas - Nil
18. Major International Tenders & Bids invited in Bahrain. -Nil
19. Aid/Assistance received by Bahrain from other countries/international agencies, funding organizations etc. -Nil
20. Commercial, Economic and Political Report of Bahrain.
COMMERCIAL (MARCH 2012):
Bahrain is poised to become a regional hub for green technologies that would serve Middle East and North Africa in supporting sustainable growth and development. Bahrain was preferred to host the headquarters because of its hospitality and adoption of several environmental initiatives as well as its position as a regional commercial hub. Export is the key word for a country like Bahrain which has the small and medium enterprises (SMEs) as its lifeline. The government’s major initiatives to promote the SME sector in the country can be further boosted by strengthening exchange-learning relations with a strong SME based country like Holland. Bahrain has further enhanced its connectivity to the rest of the world by linking it to an international cable system. The Tata Communications TGN-Gulf Cable system connecting India, Oman, UAE, Qatar, Bahrain and Saudi Arabia will further consolidate Bahrain’s position as an international financial centre. For Tata Communications, this is a part of a $420 million investment made in the Middle East region on cable system and related projects over the past three years. Bahrain’s energy sector will attract about $20 billion investment over the next 15 years.
ECONOMIC (MARCH 2012):
Bahrain’s economy is expected to be bouncing back despite of the repercussions of the February-March unrest. Bahrain’s economy is expected to recover quicker, growing at 3.5 percent this year supported by economic policies that focus on regaining trust, diversifying sources of income, and stimulating foreign investments. Bahrain’s Real Gross Domestic Product (GDP) at constant prices grew by 3.2 percent for the fourth quarter of 2011. The recovery in Bahrain’s economy is expected primarily due to a robust hydrocarbon sector underpinned by high oil prices. The petroleum and natural gas sector rose by 7.6 percent year-on-year during the quarter as compared with 3.5 percent year-on-year in 3Q11. The manufacturing sector which contributes 16 percent of GDP grew robustly by 2.1 percent year-on-year in 4Q11 from 2.8 percent year-on-year in 3Q11 buoyed by the aluminium industry. Aluminium production was not disrupted during the unrest and the metal remains one of the main exports items for Bahrain. Bahrain’s non-oil economic sectors recorded a growth of 2.6 percent in the fourth quarter. The government services, telecommunications, social services, retail banks, electricity and water also recorded solid growth. Other sectors grew slowly due to the low domestic and global demand. These include real estate, external banking units, hotels and other tourism-related activities.
POLITICAL (MARCH 2012):
The one-year anniversary of the Kingdom’s ‘day of rage’ passes off on 14 February 2012 with skirmishes across the country, though a better-prepared security force was able to stave off the type of protests and clashes which had led to the declaration of marital law and the entry of military forces from the Gulf Co-operation Council Peninsula Shield last March. Bahrain political crisis remained unresolved and there is uncertainty booming large over the direction of Bahrain’s Political reform process which began in 2002. Parliamentary elections were held on 24th September 2011 to fill 18 seats vacated by Al Wefaq, the country’s largest opposition party, which had pulled out of the nation’s legislature. The Bahrain Independent Commission of Inquiry was established on 29th June 2011 in the Kingdom of Bahrain. The Commission was tasked with investigating and reporting on the events that took place in Bahrain from February and March 2011.The Commission submitted its report on 23rd November 2011.
21. Pending References from the Mission: Annexure – II
22. Monthly expenditure of the commercial Budget.
(Expenditure incurred until 31.03.2012)
Sl. No.
Month
Salaries
Medical
Travel Expenses
Office Expenses
Rent, Rate& Taxes
Trade Promotion
Total Expenditure
Progressive Expenditure
1
April 2011
171500
2376
0
727
0
0
174603
174603
2
May 2011
148546
0
24737
0
0
0
173283
347886
3
June 2011
103663
2265
0
62487
119277
0
287692
635578
4
July 2011
106013
0
0
6824
0
0
112837
748415
5
Aug 2011
102149
22384
0
2384
0
0
126917
875332
6
Sep 2011
103714
0
0
17348
119710
0
240772
1116104
7
Oct 2011
182125
34403
0
2586
0
0
219114
1335218
8
Nov 2011
110870
44220
9194
2963
0
0
167247
1502465
9
Dec 2011
201210
15037
0
33654
0
0
249901
1752366
10
Jan 2012
133306
22574
0
1513
140625
0
298018
2050384
11
Feb 2012
136042
36641
0
2762
0
0
175445
2225829
12
March 2012
2500
0
0
9829
130263
0
142592
2368421
Total
1501638
179900
33931
143077
509875
0
2368421
23. Any other relevant inputs (March 2012) :
i) A total of around 13 trade enquiries covering around 27 items received from India during the month of February 2012, were duly replied to (BAH/COM/245/1/2012).
ii) Progressive Expenditure Statement for the month of March 2012 was sent to TA/TC Section, Ministry of Commerce and Industry, New Delhi (BAH/COM/551/1/2012).
iii) Details of trade disputes between Indian and Bahraini companies as on 31st March 2012 were sent to the DGFT, Ministry of Commerce, and New Delhi (BAH/COM/208/1/2012). iv) Monthly Economic and Commercial Bulletin for the months of March 2012, along with details of trade enquiries received from India, forwarded to leading Bahraini companies (BAH/COM/211/1/2012). v) Upon request, status report on M/s. Bahrain Financing Co & Bahrain India International Exchange Co, Bahrain, obtained from the Central Bank of Bahrain, a Government of Bahrain financial regulatory authority, was forwarded to Canara Bank, Bangalore.(BAH/COM/217/1/2012). vi) Upon request, status report on M/s. Bahrain Financing Co., Bahrain, obtained from the Central Bank of Bahrain, a Government of Bahrain financial regulatory authority, was forwarded to Punjab National Bank, New Delhi. (BAH/COM/217/1/2012). vii) Upon request, status report on M/s. World Exchange Centre W.L.L., Bahrain, obtained from the Central Bank of Bahrain, a Government of Bahrain financial regulatory authority, was forwarded to Federal Bank, Kerala. (BAH/COM/217/1/2012).
Source: Commercial Section, Embassy of India, Manama
