Amman, Abuja to increase business cooperation

AMMAN — The Amman Chamber of Commerce and its Abuja counterpart have signed a memorandum of understanding (MoU) in a bid to increase economic cooperation between the two countries, the Jordan News Agency, Petra, reported on Saturday.

Under the MoU, the two sides will exchange commercial and investment related-information and figures, besides exhibitions and visits to learn more about the opportunities available in both countries. 

During a meeting with representatives of the Abuja Chamber of Commerce and Industry (ACCI), Issa Murad, president of the Amman Chamber of Commerce stressed the importance of the Nigerian market to the Kingdom, highlighting the need for joint efforts to develop trade cooperation.

Listing sectors that the two countries can cooperate in, he mentioned energy, mining, pharmaceuticals, health, education, transport, telecommunications and information technology, besides tourism.

Still below the desired level, the joint commercial exchange volume is tilted in Nigeria’s favour, mainly because Jordan imports natural gas from the African country, Petra indicated. 

Murad urged the Nigerian side to promote Jordanian products and investment opportunities in the Kingdom, highlighting the country’s favourable business environment.

Al Mujtaba Abubakar, ACCI first deputy president, said Jordan has been working to enhance trade and investment ties with Africa, underlining promising sectors, including tourism, and religious tourism, in particular.

Nigerian Ambassador to Jordan Haruna Ungogo said the signing of the MoU ushers the beginning of serious cooperation to foster economic, trade and investment ties.