Amman-Baghdad business forum to strengthen economic ties

iraqi embassy in amman
Iraq embassy, Amman-Jordan. (Photo: Twitter)
AMMAN — The chambers of commerce in Amman and Baghdad have reached an agreement to organize a highly anticipated Jordanian-Iraqi business forum in Baghdad. The event, scheduled to take place before the end of October, aims to strengthen economic ties between the two countries and promote bilateral trade, according to Hala News.اضافة اعلان

The forum will bring together a prominent Jordanian trade delegation, including chamber presidents, representatives from various trade sectors, employers' unions, and business owners. This group will contribute to the exchange of ideas and opportunities during the forum, further enhancing bilateral trade relations.

Notable growth in 2022
The potential for the business forum to bolster trade relations between Jordan and Iraq is significant, as trade between the two countries has already seen notable growth. Trade figures surged from JD470 million in 2021 to an impressive JD872 million in 2022, underscoring the importance of this initiative.

Khalil Haj Tawfiq, the President of the Amman Chamber of Commerce, emphasized the significance of enhancing trade exchange between Jordan and Iraq. Tawfiq highlighted the need to eliminate any barriers that impede the entry of products and goods into the markets of both nations. By removing these obstacles, both countries can create a more conducive environment for increased trade.

Prior to the forum, the Amman Chamber of Commerce will assemble a Jordanian trade delegation, which will visit multiple Iraqi governorates to establish connections with representatives from various economic sectors, fostering mutual trade and investment opportunities.

Tawfiq further emphasized the significance of granting preferential treatment to promote increased trade and encourage business owners to form collaborative trade, investment, and industrial partnerships. By incentivizing and facilitating such partnerships, both countries can maximize their trade potential and reap mutual benefits.

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