JBA, Wales chamber of commerce sign MoU to boost economic cooperation

AMMAN — The Jordanian Businessmen Association (JBA) and the Wales South East Chamber of Commerce in Cardiff on Saturday signed a memorandum of understanding (MoU) to establish a joint Jordanian-Welsh Business Council.

The agreement aims to strengthen Jordanian-Welsh relations, foster cooperation between the two business communities, and boost trade and economic activities, according to a statement issued by the JBA.

It also seeks to promote investments and highlight emerging opportunities for business leaders in Jordan and Wales, the Jordan News Agency, Petra, reported.

Abdulrahman Abu Tair, a board member and head of the Jordanian delegation, underscored the importance of enhancing economic, investment, and trade relations between the two sides.

Abu Tair highlighted Jordan’s promising investment opportunities in key sectors such as renewable energy, tourism, and technology, as well as the advantages offered by Jordan's new investment laws designed to attract investors, protect their rights, and improve the overall investment climate.

He also highlighted the potential for strengthening cultural and economic ties through enhanced tourism, calling for intensified cooperation between Jordanian and Welsh business leaders.

Abu Tair also proposed organising private sector meetings and workshops to exchange expertise and explore joint opportunities, particularly in advanced technology and innovation.

Gus Williams, interim CEO of the Wales Chamber of Commerce, commended Wales' active role in international trade, underscoring its expertise in advanced manufacturing, life sciences, industrial decarbonisation, and renewable energy.

General Director of the JBATariq Hijazi highlighted the association's efforts to promote economic opportunities in Jordan and attract investments through agreements and the establishment of business councils both locally and internationally.

He also noted that the trade volume between Jordan and Wales last year reached around $101.5 million.