Industry ministry launches 2023–2025 export strategy

Gov’t preparing trade information platform, e-commerce strategy, minister says

Ministry of Industry , Trade , and Supply
(File photo: Jordan News)
AMMAN — The Ministry of Industry, Trade, and Supply on Sunday unveiled a strategy to boost Jordanian businesses' export capacities and capitalize on the various trade and economic agreements Jordan has signed.اضافة اعلان

During the launch ceremony, Minister Youssef Al-Shamali said the national export strategy is an “essential step” toward implementing the Economic Modernization Vision, a cross-government action plan that seeks to bolster the economy by providing one million job opportunities over 10 years and attracting multiple investments.

The 2023–2025 strategy, he said, aims to increase and diversify national exports, identify new markets, highlight the quality and competitiveness of Jordanian products, and maintain the sustainability of exporting companies.

The strategy's executive plans will be finalized by the end of March, said Shamali, and a new trade information platform will be launched this month to help embark on the strategy, along with an e-commerce strategy that promotes untraditional marketing tools.

Trade indicatorsNational exports grew by 34 percent during the past year, Shamali said, indicating that the national economy is recovering from the ramifications of the COVID-19 pandemic and global circumstances.

He attributed the increase in the trade balance deficit to the import of raw materials and semi-finished goods. More than 16 percent of imports are crude oil, the value of which jumped by 55 percent in 2022 compared to 2021, he added.

During the ceremony, a discussion on the strategy and several economy-related topics took place.

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