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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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    The resumption of the entry of Jordanian and Iraqi trucks to the two countries

    Rocky
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    • Post n°1

    The resumption of the entry of Jordanian and Iraqi trucks to the two countries Empty The resumption of the entry of Jordanian and Iraqi trucks to the two countries

    Post by Rocky Sun 22 Aug 2021, 7:10 am

    The resumption of the entry of Jordanian and Iraqi trucks to the two countries

    •  Time: 08/22/2021 09:08:34
       
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    {Local: Al Furat News} Jordanian and Iraqi trucks will resume, on Sunday, entry to the two countries with the "door to door" system, while allowing those who wish to continue exporting through the exchange yards on the borders with the "back to back" system.
    The head of the Jordan and Amman Chambers of Industry, Fathi Al-Jaghbir, said that the decision "will contribute to reducing the cost of shipping to Iraq, and thus enhance the competitiveness of Jordanian products in the Iraqi market, and hopes that this decision will positively reflect on Jordanian exports."
    He added that "the previous method, by unloading the products of Jordanian trucks into Iraqi trucks at the borders, was causing a time delay and increasing the costs of loading and unloading these factories and trucks, and some sensitive goods might be damaged during unloading."
    Jaghbir explained that "the meaning of the "door to door" system is the loading of goods from the factory land to the merchant in the other country, which increases exports and trade exchange.
    He added that "a Jordanian industrial delegation from various local industries will visit Iraq at the end of this month."
    The "door to door" system allows the Iraqi truck to enter the Jordanian territory, and the Jordanian truck to enter the Iraqi territory, while the "back to back" system allows the Jordanian and Iraqi truck to enter a yard on the border between the two countries designated for trade exchange, after which the goods are transferred between the trucks in those Arena.
    The Karama/Trebil border crossing, which links Jordan with Iraq, was reopened in 2017.
    Jordanian exports to Iraq before the Corona crisis in 2019 amounted to about 466 million dinars, while imports from Iraq amounted to 1.6 million dinars, as the trade balance (the difference between the value of imports and exports) was in favor of Jordan by 464.4 million dinars.
    Regarding the return of shipping to Syrian territory, he said, "The issue with the return of shipping with Syria is very different from Iraq," explaining that "opening trade with Syria wide will not be in the interest of Jordanian labor or Jordanian industry."
    He added that "Jordan is more interested in Iraq than Syria in economic terms, and we may differ in dealing with the procedures with the Syrian side, as the plan is to set work lists with them, since the competition with Syria is negative."
    "The Syrian market is as important to Jordan as the Jordanian market is to Syria, but according to regulations and lists, and we are interested in the existence of economic integration with countries and not only opening Jordan wide to any countries that we have no ability to compete with in terms of production costs," according to Jaghbir.
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