AMMAN —
Head of the
Jordan Chamber of Commerce (JCC), Nael Kabariti, called on the
government to take precautions to hedge against a global economic downturn in
2022, stressing that “there are global indicators in this direction,” Jordan
News Agency, Petra, reported.
اضافة اعلان
Chairing the JCC general assembly meeting for
2020, Kabariti said these developments require efforts to address difficulties
still facing the national economy, pointing to the government’s reform
decisions aimed to stimulate economic growth, foremost is revisiting customs
tariffs.
Kabariti also referred to His Majesty
King Abdullah II’s message as a “beacon of progress towards a better future for
Jordan and future generations”, stressing the need to implement its economic
content by a “real” public- private partnership.
In addition, he referred to the commercial
sector’s demands that affect its business and are “still unfulfilled,” which
requires speeding up their solution, criticizing some decisions issued by
official institutions that clash with the government’s approach aimed to make
economic reform.
In this regard, he drew attention to the
decision to cancel guidance lists controlling the Kingdom’s garment and carpet
imports and the “uncontrolled” postal parcel trading that adversely affects
this sector.
Noting the commercial sector’s belief in
Jordan’s capability to overcome hardships and challenges, he said “creative”
solutions should be made to overcome the obstacles facing the Kingdom’s
economic activities by pumping more cash, enhancing citizens’ purchasing power
and postponing bank loan installments.
In this regard, he called for revamping
Jordan’s tax basket by slashing sales levies, and providing incentives for
sectors that are still suffering as a result of the pandemic consequences,
especially tourism, foreign investment attraction and support to local
investors.
The Covid-19 consequences affected the overall indicators of the
national economy, which
shrank by (-2.2 percent) during the third quarter of 2020, compared to a
positive growth of 1.9 percent during the third quarter 2019, he noted.
Kabariti said hard-hit economic sectors that
posted negative growth rates during the third quarter of 2020 included hotels,
restaurants, transport and warehousing, which are all service sectors that have
“significant” contributions to the gross domestic product, generate job
opportunities and employ local manpower.
During the pandemic, he referred to His Majesty King
Abdullah II’s efforts to manage the various aspects of the
Covid-19 crisis file, and his
continuous directives to governments to shun heavier economic losses and
sustain wheel of the national economy.
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