Trade relations between Egypt and Jordan have reached a notable volume of approximately $866 million, as reported by Ahmed Samir, Egypt’s Minister of Trade and Industry.
This announcement was made during his address at the preparatory meetings for the 32nd session of the Egypt-Jordan High Joint Committee at the ministerial level.
The meetings, chaired by Rania Al-Mashat, Egypt’s Minister of International Cooperation, and Yusuf Al-Shamali, Jordan’s Minister of Industry and Trade, witnessed the participation of several officials and ministers from both countries.
Minister Samir emphasized the need for both governments to intensify efforts to incorporate new sectors into their bilateral trade relations, particularly focusing on e-commerce, intellectual property, and trademarks.
This strategic expansion aims to diversify the trade structure between the two nations effectively.
The Egypt-Jordan High Joint Committee plays a crucial role in enhancing the economic, trade, and investment relationships between Egypt and the Hashemite Kingdom of Jordan, reflecting the deep historical ties between the two countries.
Samir highlighted the smooth and seamless nature of the current trade exchanges between Egypt and Jordan, which face no significant challenges, benefiting from the strong governmental support from both sides.
In addition, Minister Samir had previously held extensive discussions with Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, focusing on boosting the economic cooperation between their countries within the framework of the Comprehensive Industrial Partnership Initiative.
This initiative, which also includes Jordan, Bahrain, and Morocco, was discussed on the sidelines of the 13th Ministerial Conference of the World Trade Organization in Abu Dhabi.
During the meeting, the ministers reviewed various regional and global economic topics and mutual interests, including the latest developments in the industrial partnership among the five Arab states. They also agreed on several standards for other countries to join the partnership.
The meeting further explored investment sectors within the initiative, including a project for the manufacture of black sands in Egypt and the potential for all member countries to support this project both financially and technically.
There was also a discussion on a silica sand manufacturing project and the expansion of the UAE’s investments in various production sectors in Egypt, particularly in the aluminium industry.
