CROWN PRINCE RECEIVES AAA PRESIDENT

CROWN PRINCE AND CHAIRMAN OF THE ECONOMIC DEVELOPMENT BOARD  (EDB) SHAIKH SALMAN BIN HAMAD AL KHALIFA UNDERLINED THAT SETTLEMENT OF TRADE DISPUTES SHOULD BE  CONFORM WITH INTERNATIONAL CRITERIA AND BE BASED ON THE MECHANISMS OF BAHRAINI LAW.

SPEAKING TO A DELEGATION FROM THE AMERICAN ARBITRATION ASSOCIATION (AAA) , LED BY ITS PRESIDENT  WILLIAM SLATE, CURRENTLY ON A VISIT TO BAHRAIN TO ATTEND A CONFERENCE ON MEDIATION IN TRADE DISPUTE  SETTLEMENT, THE CROWN PRINCE ALSO STRESSED THE NEED FOR BAHRAINI CADRES TO AVAIL OF INTERNATIONAL  EXPERTISE IN  THE FIELD.

HE ALSO SAID THAT THE LOCAL SYSTEM SHOULD SEEK QUICK, PRACTICAL AND APPROPRIATE SOLUTIONS TO COMMERCIAL  DISPUTES IN LINE WITH THE FRAMEWORK OF THE BAHRAIN VISION 2030 THAT OPTS FOR MAKING OF THE KINGDOM’S  TRADE LAWS EARN THE TRUST OF INVESTORS TO REINFORCE THE ECONOMIC REPUTATION OF BAHRAIN UNDER THE WISE  LEADERSHIP OF HM KING HAMAD BIN ISA AL KHALIFA.

THE CROWN PRINCE LAUDED THE BAHRAIN-AAA COOPERATION TIES MAINLY IN SOLVING TRADE DISPUTES.

ON HIS PART THE AAA PRESIDENT LAUDED THE EFFORTS BEING EXERTED BY THE CROWN PRINCE TO REINFORCE  BAHRAIN’S COMPETITIVENESS AS AN INVESTMENT FRIENDLY HUB, EXPRESSING ADMIRATION OVER THE KINGDOM’S  STATUS AS A CENTER OF ISLAMIC BANKING THAT CONSTITUTES AN IMPORTANT ECONOMIC AFFLUENT.

PRESENT AT THE MEETING WERE JUSTICE AND ISLAMIC AFFAIRS MINISTER SHAIKH KHALID BIN ALI AL KHALIFA  AND HEAD OF THE CROWN PRINCE’S COURT SHAIKH KHALIFA BIN DAIJ AL KHALIFA.