Trade exchange between Jordan, Egypt to reach $1b — expert

Trade exchanges between Jordan and Egypt are expected to reach $1 billion. (Photo: Shutterstock)
AMMAN — Economist Ghada Ghazzawi expects the volume of trade exchange between Jordan and Egypt to reach $1 billion during 2022, according to Ad-Dustour daily.اضافة اعلان

Ghazzawi said that the high freight costs and the increase in commodity prices would open the way for strengthening and increasing cooperation between the two countries in the various commercial, industrial, and service fields.

Ghazzawi pointed out that the volume of bilateral trade between Jordan and Egypt grew during 2019, despite the repercussions of COVID-19, to record about $616.3 million, compared to $567.5 million in 2019.

The increase in trade exchange is due to the geographical proximity of the neighboring country, In addition to the efforts made by the two governments to increase and maximize exchange to achieve maximal mutual benefits.

Leading Egyptian exports to the Jordanian market include food products, fruits, ceramics, while Jordanian exports to Egypt are mostly medicines, agricultural fertilizers, carpets, and fertilizers.

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