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ACC calls on launching economic integration with Iraq

Amman, Head of the Amman Chamber of Commerce (ACC), Khalil Haj Tawfiq, called on building integrated economic unity with Iraq to become trade and investment partners.Speaking during a meeting on Thursday with Iraqi Business Council (IBC) in Amman, Haj …

Amman, Head of the Amman Chamber of Commerce (ACC), Khalil Haj Tawfiq, called on building integrated economic unity with Iraq to become trade and investment partners.

Speaking during a meeting on Thursday with Iraqi Business Council (IBC) in Amman, Haj Tawfiq noted Jordan’s trade and service sector is “keen” to open joint channels of communication with the Iraqi private sector.

Haj Tawfiq said today’s meeting comes as a Jordanian economic delegation is scheduled to visit Baghdad next week and launch of Jordanian-Iraqi Business Forum, to enhance joint trade and investment partnerships.

He noted the “large” delegation reflects Jordan’s “remarkable” interest in building “solid” economic relations with Iraq, stressing that its visit is “important” to follow up efforts made by His Majesty King Abdullah II and Iraqi leadership at various levels.

“We look forward to building a new era of economic relations between the two countries in a way that achieves common interests,” said the chamber’s chairman.

Also, he expressed hope that the Jordanian-Iraqi economic relations will witness further progress to increase trade exchanges and establish joint investments.

To provide a database on trade opportunities available in the two countries, he referred to an ACC initiative to be launched during the business forum to establish an Iraqi trade center in Amman to be temporarily located at the chamber’s headquarters, as well as a Jordanian commercial center in Baghdad, in partnership with Iraqi Business Council.

Jordan’s trade and service sector seeks to open channels of communication with various Iraqi institutions from the private sector, he said, noting IBC is a “major” partner for ACC, which is ready to follow up on issues of interest to Iraqi investors with Jordan’s various concerned authorities.

Haj Tawfiq said Jordan’s private sector is “keen” to make 2023 the year of Jordanian-Iraqi economic cooperation, especially since the Kingdom has made multiple reform steps in the economic field, foremost is Economic Modernization Vision (EMV) and endorsement of the new investment environment law.

Source: Jordan News Agency