Tuesday, 20 August 2019 04:27 GMT

Jordan- Strategy forum urges review of economic legislation

(MENAFN - Jordan News Agency) Amman, July 17 (Petra) -- The Jordan Strategy Forum (JSF) has called for a full review of economic and procedural laws and regulations related to investment and business-doing in Jordan, with the aim of removing any hindrances.
In a study titled "Jordan's Economy in Two Decades: Achievements and Challenges", the think-tank urged the government to pursue broader partnerships with the private sector by formulating a more efficient regulatory framework that paves the way for joint investments in key domains.
Speaking about production costs related to energy and public transport, the JSF proposed the application of flexible result-based incentive policies and departure from traditional tax exemptions. Particularly, the forum suggested that investors be granted time-framed preferential energy prices in return for employing Jordanians and opening up new export markets.
The Forum underlined the need to stimulate promising sectors such as tourism, transport and communications as the main pipeline for jobs and key contributors to GDP growth.
It urged further activation of the tourism sector through the launch of an integrated system aimed at promoting Jordan abroad and promoting investment in tourism in the Kingdom by reducing costs and upgrading infrastructure.
The Forum also called for exerting additional efforts to turn Jordan a platform for the export of technology services to the world and a hub for technological solutions providers and work to establish an investment environment promising low costs and high profitability.
The Jordan Strategy Forum is a leading think tank on Economic development. Founded on August 30, 2012, JSF was formed in order to enable the private sector to engage in constructive dialogue on local economic issues and achieve comprehensive economic development. From start-ups to established companies and medium-sized firms, JSF consists of a variety of companies, in addition to scholars and specialists of the Jordanian economy.
17/07/2019 19:01:43


Jordan- Strategy forum urges review of economic legislation


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