AMMAN — The Board of Directors of
Jordanian Businessmen Association (JBA) on Sunday discussed with Deputy Chairman of the Iraqi
Business Council (IBC) in Jordan, Saad Naji, prospects for future cooperation
and key issues of concern to the business communities in both countries,
according to the Jordan News Agency, Petra.
اضافة اعلان
JBA
Secretary-General Abdul Rahim Al-Baqi lauded IBC’s “important” role to develop
and attract Iraqi investments “continuously.” He stressed the association’s
keenness to strengthen investment, trade, and economic relations between the
two countries, benefiting from business councils affiliated with a number of economic
activities in Iraq.
He said Jordan’s
business community is looking forward to opening new horizons for investment in
Iraq, as the Kingdom’s “true” economic depth connects with key traditional
markets for Jordanian exports.
Noting Iraqi investments enjoy “strategic
importance,” he said strengthening bilateral relations is a crucial step to
achieve common interests in various economic sectors.
JBA board member
Michel Nazzal stressed the importance of signing a memorandum of understanding
between the two sides to enhance cooperation in various fields, especially in
the tourism sector, to promote Iraqi investment in Jordan.
Another board
member, Yousri Tahboub, stressed the importance of overcoming all obstacles
under Jordanian-Iraqi Joint Business Council, especially in medical tourism and
industrial sector fields.
Naji said
Jordanian-Iraqi economic relations have maintained their strength over previous
years despite all regional challenges.
Iraqi investors
in Jordan receive many investment privileges provided by investment law, in
addition to a package of incentives and exemptions, Naji noted.
IBC, which was
established in 2006, brings together under its membership 400 Iraqi
businesspeople, representing nearly 3,200 companies, owning various investments
in different economic sectors, foremost are tourism, industry, and trade, he
said.
Despite a drop
in trade exchange volume between the two sides, he said IBC contributed to
investing in major economic projects, in addition to a number of projects
currently being mulled over, he said.
He also
expressed the aspiration of the Iraqi business community to have the special
economic zone between the two countries completed so that business activity can
start.
To date, he
noted, the volume of
Iraqi investments in Jordan amounted to about JD23.4
billion, with the IBC’s stake estimated at 60 percent.
To push trade
traffic, he said the IBC is constantly calling on lifting visa requirements
between the two countries.
The IBC, he noted,
prepared observations on Jordan’s new Investment Environment Law.
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