AMMAN — The
Jordanian-Egyptian Business Council concluded its 22nd session in Cairo on Monday, which was held on the
sidelines of the Joint Higher Jordanian-Egyptian Committee, according to the
Jordan News Agency, Petra.
اضافة اعلان
Jordan Businessmen Association Vice President
Muhammad Balbisi stressed the promising opportunities of the economic
partnership between Jordan and Egypt, indicating that investment and commercial
cooperation has great importance to Jordan, namely due to quality features of
the Egyptian market.
He said Jordan and
Egypt are connected through
bilateral and regional agreements that cover a variety of topics including
energy, agriculture, customs, housing, and international cooperation, among
others.
He noted that
the commercial flow between Jordan and Egypt is facing many obstacles, such as
the preregistration of
Jordanian products entering Egypt and other
“complicated” procedures, especially in the foodstuffs and drug industries,
putting a financial burden on exporters and a potential delay of 60 days in
Alexandria’s port.
For his part, Chairman of the Egyptian Businessmen
Association Ali Eissa said the
Jordanian-Egyptian Business Council, the first
joint Arab council established in 1985, has identified through its 22 sessions
many joint investment opportunities, noting that the pandemic had delayed many
investment decisions for both sides.
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