Jordan is looking to increase trade exchange with Kuwait

Mubasher: The head of the Jordan Chamber of Commerce, Khalil Haj Tawfiq, discussed with the Chargé d’Affairs of the Kuwaiti Embassy to the Kingdom, Mubarak Al-Hajri, today, Wednesday, an increase in trade exchange between the two countries.

Haj Tawfiq said, during his meeting with Al-Hajri, that the Chamber will soon organize a visit of Jordanian economic and commercial delegations to Kuwait to increase trade exchanges between the two countries and invest in the opportunities available in them, according to the Jordanian News Agency, Petra.

He pointed to the importance of enhancing communication between businessmen in both countries through holding exhibitions and exchanging visits and trade delegations, indicating that the trade exchange figures between Jordan and Kuwait are still below the level of ambition and do not reflect the size and strength of the political relations between them.

He called for building economic integration between Jordan and Kuwait and strengthening their trade and investment relations between the two countries in light of their historical relations supported and sponsored by the leaderships of the two countries.

And he indicated that the Chamber is working according to a new approach to build strong economic relations with various countries of the world, especially Arab countries, by offering initiatives to enhance the national economy.

He pointed out that Kuwaiti investments in Jordan are considered the first in the Arab world, and are distributed in various sectors, and contribute to supporting the engines of economic growth in the Kingdom and providing job opportunities for Jordanians.

Haj Tawfiq affirmed the Jordan Chamber of Commerce’s readiness to provide any information requested by the Kuwaiti side about Jordanian companies and products, in a way that contributes to strengthening economic and investment relations between the two countries.

He pointed out that the vision of economic modernization, which His Majesty King Abdullah II directed to implement, determined the course of the national economy during the next decade, and it will pass through governments.

He expressed the Chamber’s readiness to provide information to Kuwaiti investors and solve any problems facing their businesses, referring to the Chamber’s membership in the Investment Council headed by the Prime Minister and includes members of the ministerial economic team and representatives of the private sector from other institutions.

In turn, Al-Hajri described the cooperation relations between the chambers of commerce in Kuwait and Jordan as a natural extension of deep and rooted brotherly relations of cooperation between the two countries thanks to the care and attention of the leaderships of the two countries.

He said that the Kuwaiti-Jordanian relations are framed by 73 agreements in various fields, but the trade exchange between them needs more attention within the framework of a trend that strengthens Arab-Arab relations, especially that Jordan possesses the ingredients that elevate economic cooperation to broader levels.

Al-Hajri reviewed Kuwaiti investments in Jordan, estimated at about $20 billion, through 360 Kuwaiti companies registered in Jordan, where investments are expected to rise to about $22 billion.

He stressed the existence of great opportunities to increase Jordanian exports to Kuwait, especially in the field of live animals, vegetables, clothing, chemicals, paper and cardboard, in addition to information technology and construction.

He added that “the investment climate in Jordan encourages Kuwaiti business owners and investors to increase their investments in the Kingdom,” stressing the importance of marketing and promoting investment opportunities and available tourism benefits in various forms.