logo
Jordan, China to hold economic conference in 2025

Jordan, China to hold economic conference in 2025

Jordan Times26-01-2025

Chairman of Jordanian Businessmen Association Hamdi Tabbaa discusses with Commercial Attaché at the Chinese Embassy Cheng Yongru, ways to hold a Jordanian-Chinese economic conference in 2025 in the Kingdom to support bilateral economic and trade relations and enhance mutual investments (Petra photo)
AMMAN — Chairman of Jordanian Businessmen Association (JBA) Hamdi Tabbaa discussed with Commercial Attaché at the Chinese Embassy Cheng Yongru, ways to hold a Jordanian-Chinese economic conference during the current year in the Kingdom to support bilateral economic and trade relations and enhance mutual investments.
Tabbaa on Sunday affirmed the importance of developing bilateral relations in multiple economic sectors, primarily tourism, energy and education, and activating the Jordanian-Chinese Business Council to enhance volume of mutual trade and investment.
Tabbaa called for intensifying meetings for the two countries' businesspeople and the private sector to present and benefit from investment opportunities, especially in development, service and tourism projects, the Jordan News Agency, Petra, reported.
Yongru stressed the importance of strengthening joint economic, trade and investment relations, welcoming the economic conference aimed to enhance volume of mutual trade and investments.
Noting the embassy's role in providing support for joint economic projects in various sectors, Yongru expressed the Chinese side's interest in investing in Jordan's various development sectors and enhancing mutual trade exchange and investment flow.
He said that Jordan enjoys an "advanced" investment environment, which provides opportunities for Chinese investors to invest in the Kingdom, calling for continued coordination and consultation among businesspeople to present the two countries' existing investment opportunities.
According to official data, volume of Jordan-China trade exchange amounted to nearly $4,855 million in 2023, as exports accounted for about $359 million, while imports approximately stood at $4,496 million.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China's export growth decrease in May amid Trump's tariff
China's export growth decrease in May amid Trump's tariff

Al Bawaba

time16 hours ago

  • Al Bawaba

China's export growth decrease in May amid Trump's tariff

China's export growth slowed in May due to ongoing uncertainty caused by escalating trade tensions with the US over reciprocal tariffs. According to data from China's General Administration of Customs released on Monday, exports in May rose 4.8% from the same period last year to $316.1 billion. The export growth rate fell short of the 8.1% increase in April, as the uncertainty caused by the mutual tariff increases between China and the US continued to be felt. During this period, the country's imports decreased by 3.4% year-on-year to $212.9 billion, while the trade surplus was calculated at $103.2 billion. In May, China's exports to the US fell by 34.5%, faster than the 21% drop in April. China's exports to the Association of Southeast Asian Nations (ASEAN) countries, its largest trading partner, increased by 14.8%, falling short of the 20.8% increase in April. The country's exports increased by 2.3% in January and February but rose by 12.4% in March due to advance shipments made in anticipation of further increases in US customs tariffs. China's exports rose 8.1% in April, showing resilience to external shocks despite escalating tensions over reciprocal tariff increases. Tariff negotiations continue in London US and Chinese officials will meet in London, the UK's capital, for a new round of negotiations aimed at resolving trade tensions. The US side will be represented by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, while the Chinese side will be represented by Deputy Prime Minister Hi Lifing, who is responsible for economic relations. On April 2, US President Donald Trump announced additional customs duties on trading partners, including China. China responded in kind, and the tariff dispute that ensued between the two countries ultimately led the US to raise its customs duties on China to 145%, while China imposed 125% customs duties on the US. Following the escalating trade tensions, US and Chinese officials met in Geneva, Switzerland, on May 10-11 for tariff negotiations and agreed to reduce mutual tariffs for 90 days. After the meeting, it was agreed that, as of May 14, the US would reduce its customs duties on Chinese goods from 145% to 30% for 90 days, and China would reduce its duties on US goods from 125% to 10%. In a statement on May 30, US President Trump accused China of violating most of the agreement reached in Geneva, saying he would discuss the issue with Chinese President Xi Jinping and hoped it would be resolved.

Jordanian Tourism Under King Abdullah II: Comprehensive Renaissance and Sustainable Growth - Jordan News
Jordanian Tourism Under King Abdullah II: Comprehensive Renaissance and Sustainable Growth - Jordan News

Jordan News

time18 hours ago

  • Jordan News

Jordanian Tourism Under King Abdullah II: Comprehensive Renaissance and Sustainable Growth - Jordan News

Jordanian Tourism Under King Abdullah II: Comprehensive Renaissance and Sustainable Growth Under the leadership of His Majesty King Abdullah II, Jordan's tourism sector has witnessed a qualitative transformation and comprehensive development, becoming one of the main pillars of the national economy. The Kingdom adopted an ambitious development strategy focused on diversifying tourism products, improving infrastructure, and enhancing investment in its unique archaeological and natural sites. اضافة اعلان Thanks to the direct attention of His Majesty, tourism has become an effective tool for promoting Jordan's positive global image and attracting tourists from all over the world. This has contributed to job creation, revitalized local communities, and preserved Jordan's cultural and historical heritage. The progress achieved in this sector in recent years clearly reflects the King's enlightened vision that views tourism not just as an economy, but as a bridge for cultural exchange and sustainable development. Since assuming his constitutional powers, His Majesty has worked to transform Jordan into a model for comprehensive and sustainable development in the region, with sustainable tourism being a cornerstone of this vision. Recognizing its economic importance and role in reducing unemployment and raising social welfare, the King has consistently directed successive governments to provide all necessary facilities to advance the tourism industry and make it innovative, attractive, and reflective of Jordan's rich historical, environmental, and cultural assets. In line with these royal directives, the Ministry of Tourism and Antiquities has aligned its recent plans with the Economic Modernization Vision (2023–2033), prioritizing tourism under the "Jordan as a Global Destination" track. The Ministry is working to achieve this vision by creating 99,000 jobs in the tourism sector, stimulating investment, and increasing tourism revenues. Regarding the targets of the Economic Modernization Vision, tourism revenues have already achieved 100.6% of the set targets, while employment in the sector has reached 105.4% of the expected figures. The Ministry developed a national sectoral strategic plan (2021–2025) in collaboration with local stakeholders and updated it to align with the modernization vision. The tourism sector has seen remarkable growth under King Abdullah II's reign, surpassing annual targets. During the first five months of 2025 alone, the number of international visitors reached approximately 2.7 million, while tourism revenue in the first third of the year hit 1.721 billion Jordanian dinars, contributing 13.5% to the GDP. Tourism sector employment exceeds 57,000 full-time workers, including a notable increase in female employees, who now number 7,728. The total number of tourism establishments has surpassed 3,706, including 924 hotels, 1,316 restaurants, 883 tour operators, and 583 other facilities. Hotel rooms have also increased, especially in Aqaba, Petra, and Wadi Rum, with a nationwide total of over 36,000 rooms. Jordan's global recognition has grown, with five Jordanian sites added to the UNESCO World Heritage list under King Abdullah II: Umm ar-Rasas (2004), Wadi Rum (2011), the Baptism Site (2015), Salt (2021), and Umm al-Jimal (2024). An additional 13 sites are on the tentative list. Jordan has also registered five elements on the UNESCO Intangible Cultural Heritage list, including Bedouin culture in Petra and Wadi Rum (2008), the Samer dance (2018), Mansaf (2022), Arabic calligraphy (2021), and the Date Palm file (2022). In 2023, Umm Qais and Al-Sela village were selected among the world's best tourism villages by UNWTO, and Petra was named one of the New Seven Wonders in 2007. The Baptism Site was recognized as a global Christian pilgrimage site, and five Christian pilgrimage locations were designated by the Vatican. Jordan was declared a regional hub for medical and wellness tourism in 2023. Madaba was named the Arab Tourism Capital in 2022, and Irbid the Arab Capital of Culture. Jordan also chaired the UNWTO's Regional Commission for the Middle East for two years. On the international front, Jordan signed 26 cooperation agreements, 13 MoUs, and 28 executive programs with various countries, and hosted the 49th session of the UNWTO Regional Commission for the Middle East on June 7, 2023. Jordan also led the "Tourism Eyes 2022" project with UNWTO to empower women, participated in the UNWTO Youth Summit in Italy, chaired the Arab Tourism Ministerial Council, and led the Middle East Regional Commission (2023–2025). Jordan also chaired the Arab League's Technical Committee for Tourism and joined UNWTO's Affiliate Membership Committee. In a step to support investment, the Kingdom published its tourism investment guide in cooperation with UNWTO in 2024. In digital transformation, the Ministry launched a tourism indicators dashboard, electronic tickets for heritage sites, the Jordan Pass platform, Urdunna Jannah platform, electronic licensing, and an integrated tourism statistics system. To develop the tourism product, 11 visitor centers were established across the Kingdom, including a center for exploration and adventure tourism in Shobak. Sites were also adapted for accessible tourism and many heritage sites were rehabilitated, such as Umm ar-Rasas, Umm al-Jimal, and Machaerus. The "Urdunna Jannah" domestic tourism program attracted 311,000 participants in 2024. From its relaunch on April 24, 2025, until May 20, about 35,000 more joined. Handicraft training centers were launched in several provinces, and Christian religious tourism was promoted locally and internationally. The Pope visited Jordan three times, recognizing five pilgrimage sites. Legislatively, the Tourism Law (1988) was amended three times, producing 15 bylaws and multiple directives. Laws on heritage and antiquities were also updated, generating several supporting legal instruments. The Department of Antiquities continued documenting and preserving Jordan's archaeological heritage, registering numerous sites with UNESCO and Islamic heritage lists, including Umm ar-Rasas, Wadi Rum, the Baptism Site, Salt, Ajloun Castle, Qasr Amra, and the Kharak School. Jordan contributed to drafting international heritage charters such as the 2017 Thessaloniki Charter for Byzantine Heritage. Databases like MEGA Jordan were created, mapping 15,000 archaeological sites. The department also launched a system to document museum artifacts and established a digital library. Museum infrastructure saw major improvements with new museums in Ajloun, the Dead Sea, Hallabat, Feynan, Umm al-Jimal, Tafilah, and the Jordan Museum. Conservation work covered 21 archaeological sites and restoration of 16 rare books. In 2023, the Regional Conservation Center (Nuweijis) was founded. Key archaeological discoveries included the world's oldest blood samples in Azraq, the oldest known loaf of bread (2018), ancient statues, and Roman baths. The Jordan Tourism Board implemented initiatives to enhance Jordan's global image, notably the "Kingdom of Time" tourism brand, promoting adventure and health tourism, and helping Jordan host global conferences. The Jordan Trail was also recognized as a premier adventure destination. The Board partnered with five low-cost carriers to expand air connectivity to 25 destinations across 17 countries and secured charter flights from nine countries. Direct flights now connect Jordan to 37 countries, 69 cities, and 78 airports. Digitally, the Board launched specialized websites to promote Jordan's diverse tourism offerings.

Oil Prices Steady Ahead of U.S.-China Trade Talks - Jordan News
Oil Prices Steady Ahead of U.S.-China Trade Talks - Jordan News

Jordan News

time18 hours ago

  • Jordan News

Oil Prices Steady Ahead of U.S.-China Trade Talks - Jordan News

Oil prices held steady during trading on Monday, amid anticipation of upcoming trade talks between China and the United States. Brent crude futures remained unchanged at $66.40 per barrel, while U.S. crude futures also stabilized at $64.53 per barrel, according to CNBC. اضافة اعلان Three senior aides to Donald Trump are scheduled to meet with their Chinese counterparts in London on Monday in the first meeting of the U.S.-China Economic and Trade Consultation Mechanism. — (Petra)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store