Jordan looking at increasing trade with Algeria

AMMAN — The Jordanian Chamber of Commerce and Chamber of Industry on Tuesday organised a Jordanian-Algerian business forum in Algiers, the Jordan News Agency, Petra, reported.

The forum aims to discuss ways of enhancing and developing economic ties between the two countries and increasing trade exchange. 

The forum included bilateral meetings between businessmen from the two countries, presentations of investment opportunities in Jordan and of the Jordanian industrial sector, opportunities and incentives offered by the Jordan Industrial Estates Company to investors, in addition to investment opportunities in Algeria.

The two countries are currently associated with several agreements, the most important of which are the protocol for the establishment of a joint Algerian-Jordanian economic activities council, the joint Algerian-Jordanian businessmen council agreement, a trade cooperation agreement, as well as other agreements for promoting and protecting investments.

Jordan’s exports to Algeria include milk powder, dairy products, medicines, fertilisers, natural potassium salts, mineral fertilisers, aluminium alloys, calcium carbonate (for industrial use), chemicals, clothing, pipes, tubes, rods, publications and paper.

During the opening ceremony of the forum, Minister of Industry, Trade and Supply Yarub Qudah expressed his hope to establish new partnerships between Jordanian businessmen and their Algerian counterparts, and to expand cooperation and mutual investments, especially in economic sectors of common interest.

For his part, Algerian Minister for Industry and Mines Youcef Yousfi said that the forum is an opportunity to discuss the partnership between the business community in both countries and a chance to enhance economic cooperation between them. He stressed the two countries’ keenness to improve the conditions for the development of these companies, and to remove all obstacles facing investors in both countries.