JBA president talks investment ties with US embassy official

(Photo: Petra)
AMMAN Jordanian Businessmen Association (JBA) President Hamdi Tabbaa and Counselor for Economic Affairs at the US embassy in Amman Kevin Skillin discussed means to enhance economic ties and connect the two countries’ business communities on Monday, the Jordan News Agency, Petra, reported.اضافة اعلان

The two men agreed to establish an action plan for the coming year to build strategic partnerships, according to a statement issued by the JBA on Monday.

They also underscored the need to define priority economic sectors and learn about mutual investment opportunities.

During the meeting, Tabbaa affirmed the “deep-rooted and advanced” Jordanian-American ties, pointing to the two nations’ free trade agreement, which plays a significant role in boosting economic relations.

Jordan’s private sector works constantly to leverage the free trade agreement to expand cooperation and enter the American market, Tabbaa said, adding that the agreement has helped the two nations realize common interests, and has established the US as a key export partner for the Kingdom.

Skillin underlined the need to bolster joint cooperation and tap into investment opportunities in both countries. He noted that economic growth is accelerating in the region, encouraging efforts to put Jordan on the investment map.

Trade exchange between Jordan and the US reached $3.7 billion through the end of 2021, with Jordanian exports — mainly chemicals and garments — accounting for $2.3 billion of that total. Imports to Jordan, mainly consisting of machinery, mechanical devices, and metal products, accounted for the remaining $1.4 billion. 

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