Alghad - The Jordanian government recently submitted to its Iraqi counterpart a proposal to sign an agreement for mutual recognition of certificates of conformity with standards and technical regulations in order to further facilitate the flow of goods between the two countries, according to an informed government source”.

The source told "Tomorrow" that "this proposal was presented to the Iraqi side on the side-lines of the meetings of the Jordanian-Iraqi Joint Committee in its session of (28), which concluded its work last Thursday in Amman.".

The same source, who requested anonymity that the Iraqi side expressed great interest in this proposal as it is expected to start discussing the details, bases and standards during the next few months after the delivery of details of this proposal through official channels.

The mutual recognition of the certificates of conformity facilitates the movement of goods between the two countries without any delay or the need for tests when the goods arrive at the border posts”.

He said that "this step contributes significantly in reducing costs and financial burdens on the Jordanian and Iraqi source and encourages increased trade exchange and enhance the benefit of economic agreements that have been signed recently between the two countries".

During the month of February, Jordan and Iraq agreed on wide-ranging economic issues, the most important of which was the implementation of the decision to exempt 344 Jordanian commodities from Iraqi fees and the project of extending the oil pipeline, the industrial zone, transport, electricity, agriculture, telecommunications and information technology Baghdad.

And the exports of national industry to Iraq during the first seven months of this year by 7% compared to the same period last year, according to the latest figures issued by the Department of Statistics. The figures show that the value of national exports declined during the first seven months of this year to reach 233.2 million dinars compared to 255.4 million dinars compared to the same period last year, recording a decrease of 17.2 million dinars.

Looking at the index of foreign trade since the beginning of this year, it is noted that national exports to neighbouring Iraq began to decline since March (March) last. Industrialists justified the decline in exports to sisterly Iraq due to several reasons, including the non-adoption of the principle of mutual recognition of certificates of conformity between the two countries in addition to high costs and the existence of technical obstacles related to customs and transport still exist.

He considered the President of the Jordan Chamber of Industry M. Fathi al-Jaghbir proposed a convention for the mutual recognition of certificates of conformity is a very important step to revitalize and strengthen trade relations with neighbouring Iraq, if approved.

He stressed the need to intensify efforts and communication with the Iraqi side in order to sign as soon as the agreement on mutual recognition of certificates of conformity.

The Chairman of the Chamber that the agreement would contribute to increase national exports to Iraq in the coming period, as it contributes to reduce costs to exporters and encourage the increase of exports.

He pointed out that Iraq is one of the important and promising markets to increase national exports, especially as the national industry is able to meet the needs of this market because of the high quality enjoyed, stressing that the industrial sector views Iraq as an important trade partner in order to achieve common interests and benefits for both sides and reach economic integration.

It is noteworthy that the Jordanian-Iraqi Joint Committee discussed several files, including the request of the Jordanian side to allocate a quota for Jordanian products to be excluded from Iraqi protection fees, and promised the Iraqi side to study the request and respond to it as soon as possible.

It was agreed to hold a joint technical meeting to reach a unified list of exempted Jordanian goods according to the customs tariff schedules applied in both countries, in addition to agreeing to hold a joint technical meeting to reach a unified list of exempted Jordanian goods according to the customs tariff schedules applied in both countries. million dinars, while in 2016 they declined to the level of 330 million dinars.

×