Iraqi-Jordanian Trade Relations Strengthened Through New Agreements
The Iraqi Minister of Trade, Atheer Al-Ghariri, has announced the successful signing of the minutes of the Iraqi-Jordanian Commercial Committee, along with a memorandum of understanding focused on specific measurement and control standards.
In a collaborative effort to bolster trade, the Jordanian Minister of Industry, Trade, and Supply emphasized the importance of establishing a series of measures aimed at enhancing trade exchange and addressing the challenges faced in export and import operations.
During a joint press conference held in Baghdad, Minister Al-Ghariri expressed his appreciation for the visit from his Jordanian counterpart, highlighting that the agreements reached would serve the mutual interests of both nations.
Discussions during the meeting included strategies to ease trade movements between Iraq and Jordan. The two nations also finalized a memorandum of understanding concerning qualitative measurement and control protocols.
Moreover, the Jordanian Minister praised the high level of professionalism exemplified in the operations of the joint commercial committee. He reaffirmed that the outcomes of these meetings would significantly promote trade exchange and tackle obstacles in export and import activities, thereby strengthening the economic partnership between Iraq and Jordan.
The recent agreements are expected to foster increased joint investments, particularly in the industrial sector.
An official statement from the Iraqi Ministry of Commerce confirmed that a joint memorandum of understanding was sealed in the area of specific measurement and control during the conclusion of the meetings. Additionally, the discussions addressed collaboration across various sectors, including trade, industry, customs, standardization, and communication channels. It was agreed that the next session of the committee would be scheduled for a later date.
This development signifies a strategic step toward advancing the economic collaboration between Iraq and Jordan, potentially opening new avenues for investments and trade opportunities.