Jordan-Egypt Business Council concludes 22nd session

(Photo: Petra)
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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