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Jordanian exports see 9.3% rise in Q1

By JT - Jun 12,2019 - Last updated at Jun 12,2019

AMMAN — Minister of Trade, Industry and Supply Tareq Hammouri on Tuesday said that Jordanian exports increased by 9.3 per cent during the first quarter of this year, which indicates an improvement in the national economy.

Hammouri made the remarks during a meeting with representatives of the industrial sector in Irbid, some 90 kilometres north of Amman, the Jordan News Agency, Petra, reported.

In the presence of presidents of Amman and Irbid chambers of industry, Fathi Jaghbir and Hani Abu Hassan, respectively, the minister listed a number of reasons for the debt crisis in Jordan, which can be mainly attributed to the interruption of the Egyptian gas supply, regional crises, and borders closures.

He added that the industrial sector’s challenges are coupled with advantages that increase their competitiveness in international markets.

In this regard, he referred to the Kingdom’s agreement with the European Union to simplify rules of origin for national exports and its efforts to reopen the Iraqi market through signing exclusive deals.

Hammouri noted that financial solutions related to imposing taxes and fines and high production costs that affect the state budget cannot be removed without finding other alternatives.

The minister expected a gradual increase in exports by the end of this year and the coming years even if it varies from one sector to another, but such an improvement indicates that the Jordanian industrial sector is recovering.

Jaghbir welcomed the cooperation between the chambers and the ministry in finding solutions to overcome the challenges facing the Jordanian industry.

For his part, Abu Hassan reviewed the concerns of the industry sector in Irbid, which include the high cost of energy, the absence of trained workers in some fields, and the high rates of fines and taxes.

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