Jordan, Egypt businesspeople conclude meetings on customs, investments, trade

AMMAN — The 21st Joint Jordanian-Egyptian Business Council in Cairo, which discussed prospects to advance economic cooperation among other issues, concluded on Monday. 

The joint council, held by Jordan and Egypt businessmen associations, went over a number of customs-related issues, mainly in regards to standards and metrology, as well as activating memoranda of understanding over easing trade exchange and non-tariff barriers that hinder Jordanian exports to Egypt.

According to a Jordanian Businessmen Association (JBA) statement, the Jordanian delegation, on the sidelines of the meetings, met with CEO of Egyptian Exchange Mohammad Saleh over furthering cooperation between the two countries' financial markets, as reported by the Jordan News Agency, Petra.

During the meeting, JBA President Hamdi Tabbaa said that Egyptian investments in the Amman Bourse reached some JD41 million, calling for increasing the volume of investments and intensifying mutual visits. 

The two sides also agreed to announce the prices of shares in Amman, Cairo and Alexandria bourses through the Jordanian-Egyptian Business Council's website:
www.jor-egy.net, alongside releases that are of interest to the two countries' businesspeople.

The Jordanian delegation also met with Egyptian Chairman of the General Authority for Investment and Free Zones Mohammad Abdulwahhab and discussed the government's latest measures launched to stimulate the national economy and ease investor procedures. 

Tabbaa, during the meeting, emphasised the importance of activating the Egyptian-Jordanian investment coordination council, which the joint Jordanian-Egyptian higher committee agreed to form in 2016.