Al-Hammouri: The Economic Situation is Improving

12-Jun-2019

Minister of Industry and Trade Tariq al-Hammouri said that the economic situation is improving, although at the current stage it is not immediate and significant after the difficulties faced by the Jordanian economy, especially during the last four years, which was difficult. 

Al-Hamouri said during a meeting held at the headquarters of the Chamber of Industry of Irbid, headed by Hani Abu Hassan and members of the General Assembly of the Chamber, in the presence of the head of Jordan Chamber of Industry Fathi Al-Jaghbir. Public and private sectors and exploitation of opportunities. 

He pointed out that 40% of the Kingdom's debt of about 28 billion dinars was not related to Jordan, but exacerbated by the regional and international circumstances surrounding the past years. 

He pointed out that the volume of exports rose during the first quarter of this year about 9.3%, pointing out the possibility of reaching a greater increase through better utilization of international conventions, especially the simplification of the rules of origin, under which Jordan enjoys great privileges. 

He called on the industrial sector to distribute its exports to countries to achieve better positive repercussions for the sector, pointing to the need to invest open the Iraqi market for Jordanian products. 

The minister stressed the government's readiness to cancel the decision to prevent the importation of Syrian industrial products directly in the event of a similar decision by the Syrian side allowing Jordanian products to enter Syria, pointing out that the government tried for months before the issuance of the ban decision understanding with the Syrian side on this without success. 

He explained that the cancellation of the trade agreement with Turkey was the result of the failure of the Convention for the positive objectives of Jordan, where the difference in exports about 800 million dollars for Turkey, which is understood by the Turkish side. 

He pointed to the formation of the ministry of joint sectoral committees with different industrial sectors aimed at solving any problems facing these sectors and identify them, stressing that these committees have been able during the last period to resolve many of the problems in this aspect and identify other problems, mostly procedural action is being resolved, Instructions contrary to the law. 

Al-Hamouri stressed the government's continuous efforts to find creative solutions to the problem of rising energy costs and its impact on the industrial sector, pointing to the formation of a government committee with the participation of the private sector for this purpose. 

He stressed that it is not allowed to continue distorting the expatriate labor within the Kingdom and continue to deal with it through cooperation with the private sector in the field of training and rehabilitation of local labor, as well as the need to make formal and voluntary efforts to encourage young people to work professionally. 

On the amendments to the Law on Chambers of Industry, Hamouri revealed the possibility of discussing the amendment in the House of Representatives soon. 

For his part, the head of the Jordan Chamber of Industry Fathi al-Jaghbir, stressed the importance of communication and partnership with the government to solve the problems of the industrial sector, which is one of the largest manpower operators and a major contributor to national income. 

A joint committee of industrial chambers and the government was formed to arrange an industrial conference in the Kingdom next October to discuss the problems of the industrial sector and develop practical solutions to them. 

The Chairman of the Chamber of Industry of Abu Dhabi Hani Abu Hassan highlighted the problems of the industrial sector represented by high energy prices, the lack of skilled labor for some professions, high taxes and fees, the instability of legislation and reconsideration of some international agreements, as well as the administrative restrictions imposed by some countries associated with Jordan agreements and their negative impact on the sector Industrial. 

He pointed out that these problems affect the competitiveness of national industries and give an advantage to imported goods to rival local. 

Abu Hassan appreciated his Majesty's efforts to open new markets and sign agreements to increase Jordanian exports. The most important of these is the simplification of the rules of origin agreement with the European Union, as well as the exemption of Jordanian goods and the entry of trucks to Iraq. 

The Minister of Industry and Trade toured a number of factories in the city of Hassan Industrial and heard from those responsible for the most prominent obstacles facing them.


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