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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    A JORDANIAN OFFICIAL TALKS ABOUT OBSTACLES FACING BILATERAL TRADE WITH IRAQ AND EGYPT

    Rocky
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    A JORDANIAN OFFICIAL TALKS ABOUT OBSTACLES FACING BILATERAL TRADE WITH IRAQ AND EGYPT Empty A JORDANIAN OFFICIAL TALKS ABOUT OBSTACLES FACING BILATERAL TRADE WITH IRAQ AND EGYPT

    Post by Rocky Tue 29 Jun 2021, 12:42 pm

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    Economie

    [size=38]A JORDANIAN OFFICIAL TALKS ABOUT OBSTACLES FACING BILATERAL TRADE WITH IRAQ AND EGYPT[/size]


    Sunday, June 27, 2021 3:42 PM
    Baghdad / National News Center
    , Chairman of the Jordan Chamber of Industry, Fathi Al-Jaghbir, confirmed that Jordan, Iraq and Egypt have the ingredients for achieving joint economic integration, provided that obstacles to intra-trade are removed.

    Jaghbir said, according to the Jordan News Agency (Petra), that "each of the three countries has many comparative and competitive advantages, whether in industry, agriculture or natural resources, which makes" economic integration between them a reality if its components are exploited in the required manner.
    He added, "Perhaps the most prominent supporter of the success of economic integration lies in the geographical proximity, social interdependence and ease of transportation between the three countries, in addition to the large available agricultural components, and energy products from oil and gas."
    He pointed out that "the three countries are characterized by industrial bases that can be built upon, which were identified by the formed follow-up committees, and are concentrated in four sectors targeted in the first phase to enhance tripartite cooperation, and include the pharmaceutical, chemical, textile and ceramic industries."

    He explained that "reaching economic integration between these countries requires the actual and real implementation of the methods of integration between industry and agriculture by studying the supply chains in these countries, and dispensing with the supply of raw materials and semi-manufactured goods from any other country, in a manner that raises the added value in the three countries and achieves export benefits. And a big local on every one of them.”
    He stressed, "the need to work on expanding economic, commercial and investment cooperation between the three countries, especially the sectors targeted in the Jordanian-Egyptian-Iraqi tripartite summit for the first phase, through crystallizing the agreements that took place on the ground in the near future."
    He pointed out that "establishing joint investments will enhance the benefit from the various options and experiences in the three countries, and form a large productive force through which it can enter the global markets easily."
    He called for "removing obstacles to intra-trade, which needs a will to change, facilitating the flow of products without restrictions, and facilitating the movement of labor and commercial shipping operations."

    In this regard, Jaghbir said, "It is unreasonable for us to seek economic integration in several fields and sectors, while our inter-trade is tainted by many obstacles."
    He pointed out that "the recent period witnessed wide and unremitting efforts by the three countries to expand economic, commercial and investment cooperation between them in a way that achieves their common interests and serves Arab economic integration."
    And he indicated that "the efforts focused on the importance of expediting the development and implementation of the necessary plans to enhance joint cooperation, especially in the economic, commercial and investment fields, through industrial integration, cooperation in agriculture, food security, logistical areas, manpower, and the Jordanian-Iraqi Economic City project."

    He stressed that "Jordan has great potentials in a number of highly competitive sectors and industries, through which major partnerships and investments can be built in the region, especially if the supply chains of these industries are strengthened between the three countries."
    According to Jaghbir, “the most prominent assets owned by Jordan are concentrated in the food and pharmaceutical industries, fertilizers, chemical industries, packaging, plastics, clothing, shoes, information technology and human resources.”
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