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Workshop tackles trade, investment opportunities in Jordan, US

1. Workshop US Delegation
Left to right: Secretary-General of the Ministry of Investment Zaher Qatarneh, Secretary of State of Nebraska Robert Evnen, President of the Jordan Chamber of Commerce Nael Kabariti, President and CEO of the National US-Arab Chamber of Commerce David Hamod, and Deputy Chief of Mission at the US Embassy in Amman Mike Hankey. (Photo: Petra)
AMMAN — The Jordan Chamber of Commerce (JCC) on Wednesday organized a workshop for local companies with a US trade delegation from the state of Nebraska to introduce investment opportunities and areas of joint economic cooperation, according to the Jordan News Agency, Petra.اضافة اعلان

President of the JCC Nael Kabariti lauded the National US-Arab Chamber of Commerce's role in bolstering trade ties between the Arab world and the US, and providing a host of services. He also commended the US’ ongoing support to the Kingdom in various fields.

The world is on the verge of a new order, said Kabariti, indicating that a post-COVID world will be entirely different, as a number of economic powers are emerging and competing to manage this new order, adding that the biggest challenge will be to achieve food security.

He stressed that the challenges imposed by the coronavirus necessitate joint action to expand trade between the two countries, increase the quantity and quality of investments, and facilitate the exchange of knowledge.

He urged the delegation to leverage the investment and economic opportunities available in the Kingdom, highlighting safety and stability, infrastructure and modern legislation, as well as trade agreements linking Jordan with various global economic blocs.

Jordan is a gateway to other countries, he underlined, especially Iraq, Syria, and the Gulf Arab states, he said, voicing hope that cooperation and trade ties will increase to mutual benefit.

Secretary of State of Nebraska Robert Evnen said that the visit to Jordan is proof of the extent of entrepreneurship and innovation in both the public and private sectors, especially in the agricultural field.

Secretary-General of the Ministry of Investment Zaher Qatarneh underscored the importance of the economic partnership between Jordan and the US, calling on the private sector in Nebraska to explore opportunities available in the Kingdom, conclude agreements, and build trade and investment partnerships.

The Kingdom, he said, is a hub and stepping stone into global markets due to free trade agreements that enable Jordanian products to reach more than 1.5 billion consumers. He highlighted Jordan’s progress in the "ease of doing business" index issued annually by the World Bank.

Qatarneh spoke about 79 investment opportunities in various vital sectors, with a volume of approximately $4.7 billion.  He stated that the Kingdom keeps up with international best practices in investment to provide an encouraging and sustainable environment, noting that the national economy grew during the past year despite the fallout from the pandemic on the global economy.

Mike Hankey, the US embassy’s deputy chief of mission, stressed the importance of establishing trade partnerships between Jordan and Nebraska that could help attain food security, as the state produces a wide range of basic food commodities, in addition to leveraging its expertise in agriculture.

Hankey pointed out that Nebraska managed to overcome water scarcity by using modern methods of agriculture and developing technological solutions, which Jordan can leverage to resolve its water scarcity problem. He also underlined the embassy’s supports to efforts towards trade partnerships between Jordan and the US.

David Hamod, president and CEO of the National US-Arab Chamber of Commerce, underscored the importance of cooperation between Jordanian companies and their counterparts in Nebraska, and taking advantage of the trade and investment opportunities available.

"We are here to conclude partnerships with Jordan for the benefit of both countries," Hamod said, pointing out that Jordanian companies' access to Nebraskan market entails access to 50 other markets in the US.

The Kingdom’s exports to the US increased by 34.6 percent during the January–November period of 2021, to reach JD1.460 billion, compared to JD1.085 billion during the same period of 2020.

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