Amman: The Amman Chamber of Industry on Tuesday signed a memorandum of understanding with the Jordanian American Business Council to strengthen trade relations and deepen links between the business communities of Jordan and the United States, in pursuit of mutual benefits and interests.
According to Jordan News Agency, the MoU was signed on behalf of the chamber by board member Ahed Rajabi and on behalf of the council by Rawan Al Hiyari, the council's director and regional adviser.
Rajabi noted that the agreement signifies a commitment to joint cooperation between the chamber and the Jordanian American Business Council. The aim is to reinforce, develop, and diversify industrial and commercial economic relations and joint investments between businesspeople in both countries. He highlighted that the United States is a key market for Jordanian industrial exports.
He further emphasized that the chamber is actively seeking to attract foreign investment to Jordan, with a particular focus on the United States. The MoU outlines provisions for exchanging trade delegation visits, holding bilateral business meetings in both Jordan and the United States, sharing trade information, economic studies, and market analyses, as well as organizing economic forums, trade fairs, and workshops.
Al Hiyari explained that the Jordanian American Business Council, a nonprofit organization registered in the United States and based in Michigan, will develop digital platforms to enhance trade and investment opportunities under the MoU. The council will act as a principal point of contact with chambers of commerce, business councils, and investors in the United States. It is also set to support Jordanian companies aiming to expand into the US market and design joint training and advisory programs for Amman Chamber of Industry members, thereby contributing to a stronger presence for Jordanian products in the US market.
Both parties are committed to maintaining ongoing cooperation and communication to develop industrial and commercial economic relations and exchange information on new legislation and laws regulating economic activity, as well as updated regulations, instructions, and procedures in both countries.
Jordanian exports to the United States reached $3 billion in 2024, while Jordan's imports from the United States exceeded $2 billion during the same year.