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Jordan, Algeria to forge closer trade ties




(MENAFN - Jordan News Agency) Algiers, Jan. 16 (Petra) -- A Jordanian-Algerian business forum kicked off Tuesday to look into prospects of forging closer trade ties and economic engagement between the two countries.

The gathering in Algiers, organized by the Jordan chambers of commerce and industry, featured bilateral meetings between stakeholders from both countries and showcased investment ambience of industrial zones in both nations.

The two countries are bound by diverse agreements, the most important of which are a protocol for establishing a joint Jordanian-Algerian business council and a trade cooperation deal among other investment-stimulating agreements.

Inaugurating the meeting, Minister of Industry, Trade and Supply, Ya'rub Qudah, said he hoped to embark on new partnerships between Jordanian businesspeople and their Algerian counterparts, as well as expanding scopes of cooperation in relevant economic sectors.

"We have a shared responsibility to ramp up cooperation relations in light of the modest trade exchange volume between the two countries", said the minister.

He emphasized that the forum was a genuine partnership that would enable both countries to address economic challenges that the Arab nation is grappling with.

Moreover, Qudah underlined the importance of meetings between businessmen from the two countries, in addition to introducing a joint data base on foreign trade legislation.

On his part, Algerian Minister of Industry and Mining Youcef Yousfi said the conference was an opportunity to explore business partnerships and cement bilateral economic cooperation.

Entrepreneurs have a key economic role to push forward a bilateral partnership, enhance the competitiveness of Algerian and Jordanian corporations and diversify trade exchange. The two countries' governments will work to create conditions conducive to improved partnerships and remove all hurdles facing investors, said the Algerian official.

He noted that Algeria had introduced economic reforms and legislation that would attract investment and maximize economic potentials.

YK
16/1/2018 - 04:00:02 PM

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Jordan, Algeria to forge closer trade ties

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