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Jordan calls on Iraq to sign free trade accord with Amman  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 17/08/2006

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Jordanian Commerce and Industry Minister Sharif Al-Zoo'bi called on Iraq Wednesday to hasten the signing of a free trade agreement with Jordan and increase the volume of trade between the two countries.

Speaking during talks with Iraqi Speaker of Parliament Mahmoud Al-Mashhadani, Al-Zoo'bi said "Iraq is considered Jordan's number one trading partner since both countries have strong commercial and economic links." He added the free trade agreement with Iraq was waiting for Iraq's endorsement to become official.

He pointed out that the volume of trade with Iraq stood at USD 600 million including USD 570 million representing Jordan's exports to Iraq.

He said Jordan provided facilities to "more than half a million Iraqis based on Jordanian soil in addition to commercial facilities to Iraqi businessmen." Al-Mashhadani, who arrived to Amman Tuesday, said Jordan was entitled to have its share of the opportunities involved in Iraq's post-war reconstruction.

He said Iraq was preparing new laws for investment and was seeking to benefit from Jordan's corresponding laws.

 






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