Jordan Chamber of Commerce pave the way for the revival of trade with Iraq

Jordan Chamber of Commerce pave the way for the revival of trade with Iraq

 translation: Hamid Ahmed

In 2015 it came under the commercial movement of Jordan, being a center of trade and re - export to a predicament after exposure through external trade with Iraq for several intermittent blockages and eventually shut down completely, thereby causing a decline in terms of trade with Iraq.
Ziad Homsi , Chairman of Amman Chamber of Industry "We used to make up our exports to Iraq , 18 percent of the total volume of our exports and then shrunk to less than 8 percent . We have lost more than half because of it."
However, the recent political developments in Iraq, raised the hope that the border may soon open again. In anticipation of this moment, the Royal Jordanian government has made several trips to Baghdad to negotiate trade policy, with a special goal to reduce the proposed tariff. Late last year, Iraq has taken a surprise decision to declare the import tax rate of 30% on all goods, and subsequently a high - level bilateral meeting, which included both the prime ministers of the two countries, as well as the Amman Chamber of Industry, the largest business lobby in Jordan, representing more than 8,000 companies . He said Homsi , who is also a member of the Senate of the Jordanian Senate, said that "officially except with the exception of most of the Jordanian exports to Iraq from the tariff of 30% has recently been received from the Iraqi government, was the formation of a joint committee between the two governments, and are now discussing the agenda with products that exempt, so it is worthwhile to say, that the Convention Its ongoing work by now. " Homsi said that "Jordan has free trade agreements with the United States and the European Union, Canada and Singapore and with 22 exempt Arab state from customs duties, and through these deals, investors in Jordan to reach more than 1.6 billion consumers worldwide."
He said Homsi it, it is natural that Jordan is involved to reach the conclusion of this agreement that will increase the communication and integration of Iraq with the world trade market, noting that the business world is busy at present the reconstruction of Iraq, and Jordan will have a role in it.
Iraq had signed an agreement in 2012 with Jordan, which included laying a pipeline across the Gulf of Aqaba million barrels per day , along with D gas pipeline, also included strengthening cooperation in the field of transport and work on the railway link between the two countries.

[You must be registered and logged in to see this link.]