HP Applauds the U.S. House for Passage of the U.S.-Bahrain Free
Statement by John Hassell, HP Director of Federal & State Government Affairs
For Immediate Release: December 7, 2005
“HP commends the leadership of the U.S. House of Representatives for today passing the U.S.-Bahrain Free Trade Agreement. The U.S.-Bahrain Agreement benefits HP and other high-tech American companies by providing the opportunity for us to share our innovative products and services without tariff barriers. Expanding U.S. market access to Bahrain is an important step in maintaining America’s competitiveness in today’s global marketplace.
“Under the agreement, Bahrain will immediately eliminate import taxes on most technology products, which will increase U.S. competitiveness in the region. For example, qualifying goods like PCs, printers, digital cameras and handheld devices will enter the Kingdom at zero duty. U.S. exporters, like HP, will also benefit from commitments by Bahrain to modernize customs procedures.
“HP urges the U.S. Senate to swiftly pass the U.S.-Bahrain Free Trade agreement when it reconvenes next week. As an industry leader and the top provider in the Middle East/North Africa region of innovative technological solutions, HP looks forward to increasing business opportunities in the global marketplace.”
HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2005, HP revenue totaled $86.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.
© 2005 Hewlett-Packard Development Company, L.P.