The Jordan Chamber of Commerce (JCC) and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) signed a Memorandum of Understanding (MoU) to strengthen economic, trade, and investment cooperation between the two countries, expand communication channels between business communities, and encourage joint ventures and partnerships between Jordanian and Pakistani companies.
اضافة اعلان
According to a JCC statement issued on Sunday, the MoU—signed by Senator Khalil Haj Tawfiq, President of the Jordan Chamber of Commerce, and Atif Ikram Sheikh, President of the FPCCI—establishes an institutional framework for cooperation. This includes exchanging information on trade and investment opportunities, encouraging joint projects, fostering industrial and technological collaboration, exchanging trade delegations, organizing specialized events, and participating in international exhibitions.
Signed via an exchange process, the MoU provides for the establishment of the Joint Jordanian-Pakistani Business Council. The council will serve as a permanent platform for private-sector dialogue, identifying priority sectors, pinpointing viable trade and investment opportunities, connecting businesses and investors from both sides, and following up on joint initiatives.
Haj Tawfiq emphasized that the agreement translates ongoing efforts to elevate bilateral economic relations to match the distinguished political and historical ties between both nations. He noted that the focus in the coming phase must be on converting these relations into mutually beneficial economic, trade, and investment partnerships.
He stated that Pakistan offers a vast market, a major industrial and manufacturing base, and extensive expertise from which Jordanian businesses can benefit. Meanwhile, Jordan offers a strategic geographic location, an attractive investment environment, and trade agreements providing access to various regional and international markets, paving the way for joint projects that go beyond traditional commercial exchange.
Haj Tawfiq added that concrete opportunities exist to expand Jordanian exports to the Pakistani market, particularly in fertilizers, phosphate, potash, chemical and pharmaceutical products, and agricultural goods. Conversely, Jordan can leverage Pakistan's capabilities in textiles, food processing, information technology, and other sectors to establish joint ventures.
Furthermore, Haj Tawfiq highlighted the importance of drawing on Pakistan's agricultural and production capacity to diversify Jordan's food import sources, supporting national food security and supply chain resilience. He stressed the necessity of building direct, long-term relationships between importers and exporters in both countries.
He noted that current trade volumes remain below potential, requiring intensified direct engagement, exchange of trade delegations, specialized sectoral meetings, and joint efforts to remove trade barriers.
He concluded by explaining that the Joint Business Council will serve as a primary mechanism to translate the MoU into an actionable agenda by prioritizing key sectors, mapping out feasible projects, connecting Jordanian firms directly with their Pakistani counterparts, and following up on agreed initiatives to deliver tangible results.
