President of the Jordan Chamber of Commerce (JCC), Khalil Hajj Tawfiq, and the first vice president of the Abu Dhabi Chamber of Commerce and Industry, Ali Saeed Al Aldhaheri, discussed ways to improve bilateral cooperation while promoting the trade and investment interests of Jordan and the UAE. A JCC statement on Thursday said that the meeting, held on the sidelines of the Annual Investment Meeting (AIM) in Abu Dhabi, tackled ways to enhance coordination between the two chambers in relation to exchanging visits of trade delegations, hosting joint exhibitions, and taking advantage of investment and economic opportunities present in the two countries through joint partnerships. Hajj Tawfiq emphasized the long-standing ties between Jordan and the UAE in a number of areas, particularly in trade and investment matters and collaborative initiatives in numerous vital industries with added value. He highlighted the significance of the agreements reached in the fields of agriculture, medicine, minerals, chemicals, and electric cars, as well as the complementary industrial partnership between Jordan, the UAE, Egypt, and Bahrain, which is seen as the foundation for achieving economic integration between those nations in many crucial sectors. In addition to strengthening cooperation in many sectors, particularly transportation and logistics, he pointed out that Jordan's private sector is looking forward to expanding Emirati investments in the Kingdom, which are estimated to be worth about $17 billion, by improving the investment environment to make it easier for investors and business owners. Haj Tawfiq pointed out that there are several options available to enhance prospects for trade exchange between Jordan and the UAE, mainly by focusing on non-oil goods, particularly in the sectors of agriculture, foodstuffs, apparel, medical devices, pharmaceutical industries, and others. In 2022, Jordan's exports to the UAE totaled roughly JD182 million, while its imports amounted to JD1.503 billion. Jordan's exports to the UAE are primarily composed of goods from the chemical sector or associated industries, pharmaceuticals, fresh produce, food products, textile materials, jewelry, and electrical appliances.
Source: Jordan News Agency