Head of the Amman and Jordan Chambers of Industry, Eng. Fathi Al-Jaghbir stressed the importance of continuing meetings between the Jordanian and Iraqi private sectors to build broad economic partnerships that achieve joint commercial and investment benefits and support the interests of the two countries.

Al-Jaghbir said in a press statement today, Friday, that the Jordanian private sector is keen to make its economic relations with Iraq on the basis of complementarity, as it is an important trading partner for Jordan.

He stressed that the opportunities for cooperation between the private sector in the two countries are large and wide, which also encourages the establishment of investments and joint commercial partnerships, pointing out that it was agreed with the Iraqi Federation of Industries and Trade that the next stage would witness bilateral work away from competition.

And he indicated that the Jordanian industry has many export opportunities to the Iraqi market, with a value of more than $200 million, represented in the food, pharmaceutical, plastic and packaging industries of paper and metal.

According to Al-Jaghbir, Iraq is linked with Jordan with many trade and economic agreements and memorandums of understanding, which contribute to framing and enabling fraternal relations between the two countries, foremost of which is an economic and technical cooperation agreement signed in 1980 and the free trade agreement signed in 2009.

He stressed the need to build strategic partnerships at the level of private sector institutions, especially in The joint projects agreed upon to be implemented between the two countries during the coming years, foremost of which is the economic city, which will be established equally on the borders of the two countries.

Al-Jaghbir stated that the Jordanian industry has the ability to support the reconstruction process in Iraq, such as the construction and mining industries that have a solid and wide production base of iron, cement, stone and marble products, in addition to chemicals such as paints, fertilizers and raw chemicals used in the construction and engineering industries, as well as sanitary and electrical supplies.

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