ENHANCING ECONOMIC TIES Tourists visit the Roman archeological site in Jerash, Jordan on Aug. 8, 2021. Business representatives from Jordan and Algeria on Saturday, Aug. 20, 2022, called for efforts to overcome obstacles facing bilateral trade. XINHUA PHOTO
AMMAN: Business representatives from Jordan and Algeria on Saturday called for efforts to overcome obstacles facing bilateral trade.
Business representatives from the Jordanian Businessmen Association (JBA) and the National Confederation of the Algerian Employers (NCAE) also urged for more meetings, exchange visits and the enforcement of bilateral trade agreements as the two organizations signed here a memorandum of understanding to enhance commercial and investment cooperation, the JBA said in a statement.
Jordan Ministry of Investment Secretary-General Zaher Qatarneh called on the Jordanian and Algerian private sectors to advance economic and commercial ties, expressing the ministry’s keenness to provide all facilities to Algerian investments in Jordan.
JBA Secretary-General Abdul Rahim Beqai said Jordan endeavored to become a regional business hub and a gateway to regional markets.
For his part, NCAE representative Mohammed Tafart highlighted the importance of solid partnerships between the two countries and boosting investment activities between the two organizations.
Despite deepening bilateral ties, Jordan-Algeria trade exchanges are still modest, state-run Jordan News Agency reported on Saturday.
The kingdom’s exports to Algeria in 2020 amounted to $94 million, whereas imports from the North African country stood at $125 million, according to official data.
