Jordan-Saudi economic integration potential – JCC president

Jordan Saudi KSA Trade
(File photo: Jordan News)
AMMAN — Khalil Hajj Tawfiq, president of the Jordan Chamber of Commerce (JCC), underscored the significant potential for economic integration between Jordan and Saudi Arabia. His comments followed the participation of a JCC delegation in the 18th session of the Saudi-Jordanian Joint Committee.اضافة اعلان

Tawfiq expressed the eagerness of the Jordanian private sector to achieve economic integration between the two nations, ultimately aiming to establish a unified economic identity. He emphasized the potential for aligning the economic visions of both countries, working toward mutual interests. This includes the establishment of industrial and commercial partnerships, expanded cooperative ventures, and mutually beneficial investments that would contribute to comprehensive development, Hala News reported.

Evolving trends in bilateral trade
Highlighting the evolving trends in bilateral trade supported by official statistical data, Tawfiq mentioned that Jordan's exports to Saudi Arabia amounted to JD840 million in the previous year, compared to imports totaling approximately JD3.932 billion.

Highlighting the historical ties and fraternal relations between the leadership of Jordan and Saudi Arabia, Tawfiq asserted that these connections serve as pivotal pillars for a new era of cooperation. The focus particularly lies within trade, industry, and investment sectors. He further affirmed that the Jordanian-Saudi relationship exemplifies Arab cooperation across various sectors and offers a promising prospect to enhance collaborative Arab economic efforts.

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