Jordan wants to expand trade with Syria
(MENAFN) Jordan is actively expanding trade with Syria, with 200–250 Jordanian trucks crossing daily carrying local products and transit shipments, Minister of Industry, Trade and Supply Yarub Qudah said on Monday. The surge in exports has also increased activity at Aqaba Port, which saw a 30% rise in container traffic.
Qudah highlighted ongoing efforts to revive regional transit trade, including discussions between Syria and Turkey on reopening the Bab Al Hawa crossing to facilitate exports to European and international markets. He encouraged Jordanian businesses to explore economic opportunities in Syria, pointing to joint government committees enhancing cooperation in trade, transport, water, agriculture, and administration.
Despite regional challenges, Jordan’s economy shows positive growth, reaching 2.7% in the first quarter and a 9.2% rise in exports over the first five months, aided by market diversification, including Europe. Foreign direct investment increased by 14%, reflecting Jordan’s appeal to investors.
The minister emphasized the industrial sector as a key economic driver, generating jobs, reducing unemployment, supporting business, and bolstering exports. Jordanian products, such as air-conditioning systems, are installed in NASA facilities and Los Angeles International Airport, while pharmaceutical firms continue to expand globally.
Government support programs, including the Industrial Support Fund (JD30–35 million) and an export promotion initiative (JD15–20 million), aim to strengthen competitiveness. Additionally, natural gas supply will be extended to industrial zones to reduce costs. Legislative reforms and Jordan’s network of free trade agreements, including with the US and Greater Arab Free Trade Agreement, further support the expansion of Jordanian exports.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
