Davos, Prime Minister, Bisher Khasawneh said that Jordan believes that finding solutions to the unprecedented challenges posed by the impacts of the Covid-19 pandemic during the past three years and the Ukrainian-Russian crisis can be achieved by strengthening cooperation and collective action between countries of the region and the world.
During his participation in a session on Arab Economies Converging within the World Economic Forum Davos 2023, along with Iraqi President Abdul Latif Rashid, Khasawneh said that Jordan under the leadership of His Majesty King Abdullah focuses on enhancing its economic cooperation and integration with brotherly Arab countries.
In this regard, Khasawneh referred to the trilateral cooperation mechanism between Jordan, Egypt and Iraq, which came with an idea from His Majesty King Abdullah to enhance economic cooperation between the three countries, link the interests of countries and build on the competitive advantages of these countries to benefit them and their people.
He spoke about the periodic meetings that are held at the leadership level in Jordan, Egypt and Iraq to determine work priorities and proposed projects for implementation within their framework. He added that the mechanism enjoys flexibility and is open to those who wish to join it from brotherly countries.
Khasawneh referred to the industrial city project on the border between Jordan and Iraq, and the project to extend the oil pipeline from Basra to Aqaba and then to Egypt, stressing the importance of these two projects for the three countries to achieve economic and industrial integration.
The Prime Minister mentioned the industrial integration initiative between Jordan, the UAE, Egypt and Bahrain, which aims to boost the partnership and benefit from their capabilities and expertise in developing competitive industries of a high level, and developing more joint industrial projects.
Khasawneh said that the volume of inter-Arab trade is still low and below the level of ambitions, adding that despite the existence of a free trade agreement between Arab countries, the volume of intra-trade between them does not exceed 13 per cent of the volume of their trade with the world.
The Prime Minister indicated that Jordan seeks to be a regional hub for renewable energy, green energy, green hydrogen, tourism and medical tourism.
Source: Jordan News Agency