Industry meetingsYemen and Jordan enhance ties [Archives:2005/816/Business & Economy]

February 14 2005

Ismail Al-Ghabiri
Ministers of Industry and Commerce of both Yemen and Jordan signed on Feb.7 a report on how to enhance economic and trade ties between the two countries.

It's also geared to increase cooperation in the areas of health, medicine, electricity, industry, transportation and education.

Recent discussion has also included social development, media, tourism, social insurance and many other sectors of relevance.

The joint committee emphasized the necessity of trade exchange through boosting joint investment projects from both countries. The committee also discussed the means of cooperation through the establishment of joint projects and organizing several trade exhibitions for produces from both countries.

During meetings of the supreme committee, ten agreements and memorandums of understanding on tourism, social insurance and culture were signed between both sides.

The Jordanian side delivered to the Yemeni delegation various projects, memorandums of understanding and executive projects in the areas of civil protection and civil defense as well as the protection of plant and folklores.

Dr. Khaled Rajeh, Yemeni Minister of Industry and Commerce confirmed the necessity of enhancing trade and economic ties between the countries, increasing investment opportunities and taking an advantage from sectors in both countries like agriculture, medicine and fisheries.

The Jordanian Minister of Industry and Commerce stated that his country will exempt Yemeni products it imports from customs.

He also pointed out the importance of efforts exerted by Yemen in joining the International Trade Organization and reinforcing the role of the public sector in both countries through the establishment of a joint work council.

It is worth noting that the amount of trade exchange between the two countries reached over the first ten months of the last year around 20 million Jordanian diners, 17.2 million diners of which are exports.

Chemical products, dispensary drugs, papers and electrical equipment account for the bulk of the exports while fisheries, diaries and tea counted for the bulk of imports.