Latest news with #AmmanChamberof
Ammon
6 days ago
- Business
- Ammon
Jordan, Morocco discuss economic cooperation
Ammon News - The Amman Chamber of Commerce (ACC) and Morocco's ambassador to Jordan, Fouad Akhrif, held a meeting to explore ways to enhance trade and investment cooperation between the two countries, citing the need for stronger institutional coordination and greater engagement between their private sectors. According to a statement by the Chamber, Chairman Khalil Al-Haj Tawfiq emphasized the strength of Jordanian-Moroccan relations and called for the development of deeper economic ties. He said current trade volumes do not reflect the potential of the bilateral relationship and pointed to limited delegation exchanges and coordination between chambers of commerce as key obstacles. Al-Haj Tawfiq proposed activating communication channels, improving the flow of investment and trade information, and establishing continuous networking platforms between the two business communities. He announced an agreement with Moroccan Member of Parliament Khadija Hajoubi to host an exhibition of traditional Moroccan crafts and products in Amman later this year. A twinning arrangement is also planned between the Amman Chamber of Commerce and the chamber in the Fès-Meknès region. He added that the Chamber is prepared to support Moroccan companies seeking entry into the Jordanian market and encouraged joint private-sector participation in reconstruction projects in Syria. He also described Morocco as a key gateway for Jordanian companies seeking access to African markets. Al-Haj Tawfiq stressed the importance of streamlined visa procedures and closer cooperation with the Moroccan Embassy to facilitate business travel and joint trade events. Ambassador Akhrif acknowledged the strength of political ties between Jordan and Morocco but noted that economic relations remain underdeveloped by comparison. He urged both sides to intensify efforts to realize their economic potential, citing Morocco's ongoing development across sectors. He proposed holding a business forum in Morocco to bring together companies from both countries, focusing on promising sectors that could support trade and investment partnerships. Akhrif also highlighted Morocco's investment opportunities and encouraged Jordanian businesses to leverage existing bilateral agreements and participate in trade missions. Chamber board members emphasized the need to implement and update bilateral agreements and memorandums of understanding, noting that deeper cooperation could lead to expanded trade, greater diversification of exchanged goods, and stronger collaboration in tourism, transportation, and logistics. They welcomed the planned resumption of direct flights between the two countries later this year, which they said would improve business mobility. However, they noted that the current sea freight route is inefficient due to its length and called for the development of faster, more reliable transport links.
Zawya
22-04-2025
- Business
- Zawya
Jordan explores trade opportunities at Pakistan's HEMS 2025
AMMAN — A Jordanian trade delegation on Sunday participated in the HEMS 2025 exhibition at the Expo Centre in Lahore, Pakistan, which is organised by Trade Development Authority of Pakistan, bringing together businesses from various sectors and countries. Leading the delegation, Vice Chairman of the Amman Chamber of Commerce (ACC) Nabil Khatib stressed the importance of Jordan's ongoing participation in international trade fairs and economic events, the Jordan News Agency, Petra, reported. He noted that such engagements are "key" to boosting commercial ties, expanding market access, and creating "new" business opportunities for Jordanian exporters and importers. The Jordanian delegation includes representatives from companies active in construction, sanitary ware, electrical appliances, building materials, and agribusiness. Khatib described the event as a 'valuable platform' for connecting with business leaders and investors from Pakistan and beyond. The exhibition offers a chance to exchange knowledge, explore joint ventures, and identify potential areas for trade and investment collaboration, particularly in sectors like healthcare, engineering and metal industries. He added that the expo is a 'prime' opportunity to stay up to date with industry trends and innovations, while also paving the way for 'stronger' partnerships between Jordanian and Pakistani businesses. The exhibition showcases a "wide" array of products, from agricultural machinery and marble to electrical appliances, building supplies, handicrafts, pharmaceutical products and more. As part of their visit, the Jordanian delegates also travelled to Sialkot, where they met with members of the local chamber of commerce and industry. Discussions focused on signing a memorandum of understanding to lay the groundwork for future cooperation. The agreement aims to facilitate information exchange, co-host economic events, and support efforts to boost Jordanian products in the Pakistani market, while fostering mutual investment opportunities. According to official figures, Jordan's exports to Pakistan reached around JD7 million in 2024, compared to JD30 million in imports, Petra said.
Ammon
19-04-2025
- Business
- Ammon
ACC, Ramallah and Bireh discuss trade cooperation
Ammon News - Chairman of Amman Chamber of Commerce (ACC), Khalil Haj Tawfiq, agreed with Chairman of the Chamber of Commerce and Industry Ramallah and Bireh Governorate, Abdul Ghani Attari, to increase joint cooperation and coordination in multiple areas of common interest, which would reflect "positively" on the two countries' trade at the meeting, Haj Tawfiq said ACC is "fully" prepared to support the Palestinian commercial sector and promote Palestinian products in the local market, as well as providing specialized training for the Palestinian chamber and the business Tawfiq noted the importance of working to overcome difficulties and challenges facing Jordanian-Palestinian trade exchanges, imposed by the Israeli occupation Tawfiq indicated that the Kingdom's exports to the Palestinian market amounted to JD202 million last year, compared to approximately JD47 million in to an ACC statement issued on Saturday, Hajj Tawfiq stressed the importance of strengthening joint cooperation in the coming period and activating the memorandum of understanding signed by the two emphasized the importance of supporting and promoting Palestinian products through joint exhibitions and promotion Attari praised support of the ACC and the Jordanian private sector to the Palestinian private sector to back its "resilience" in facing the Israeli economic noted difficulties facing businesspeople travel to and from Palestine due to the Israeli occupation's restrictions. Jordan, he noted, is Palestine's "vital artery, and the gateway" for other countries globally, including Arab countries, underlining importance of adopting the port of Aqaba as the main venue for Palestinian imports. Petra
Zawya
07-04-2025
- Business
- Zawya
Jordan: ACC issues 7,208 certificates of origin in Q1 2025
AMMAN — The number of certificates of origin issued by the Amman Chamber of Commerce (ACC) for the export of goods and commodities to Arab and foreign countries rose by 26.2 per cent during the first quarter of 2025, compared to the same period last year, ACC said on Sunday According to the ACC's statistical data obtained by the Jordan News Agency, Petra, a total of 7,208 certificates of origin were issued by the chamber during the January-March period 2025, compared to 5,711 certificates during the first three months in 2024. Based on the data, the value of the ACC's certificates in the first three months 2025 dropped by 7.3 per cent, decreasing by approximately JD305 million, compared to JD328 million in 2024. Syria ranked first on the list of the top five countries that received the chamber's exported goods and products during the same period with 1,665 certificates worth JD18 million, while Iraq ranked highest in terms of value. Iraq ranked second with 801 certificates at a value of some JD137 million, placing it on the list of importing from the Kingdom with the highest value, the ACC figures showed. The number of certificates of origin issued for Switzerland reached 7, valued at JD26 million, while Egypt accounted for 181 certificates valued at JD22 million and the UAE had 630 certificates valued at JD17 million. These countries are the largest in terms of both the number and value of export. As for the type of products, the value of exports of non-Arab products amounted to some JD149 million, distributed among industrial products with JD71 million, agricultural products with JD29 million, and Arab products that amounted to around JD21 million. The remaining value was distributed among other types of products. Customs authorities use these certificates to determine tariff eligibility and verify product origins. The ACC issues certificates for Jordanian agricultural, livestock, and natural resource products, as well as foreign goods for re-export and locally purchased foreign products under specific conditions. The chamber also certifies Jordanian industrial products upon exporters' request, based on an original factory invoice verified by an industrial chamber and an official certificate of origin confirming Jordanian manufacturing. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
17-03-2025
- Business
- Jordan Times
Local clothing, footwear sales struggle ahead of Eid Al Fitr, expected to improve
They predict that sales will improve in the coming period when salaries are due (File photo) AMMAN — The buying power in the local clothing and footwear market is currently down, compared to previous seasons, despite stable prices, but sales will pick up over the Eid Al Fitr holidays, according to traders and stakeholders. In interviews with the Jordan News Agency, Petra, they predicted sales will improve in the coming period when salaries are due and markets bustle with shoppers ahead of the holidays in about two weeks. "Demand for clothing and footwear in the local market is still below average," complained Asaad Qawasmeh, an importer, owing it to the public's weak purchasing power despite prices remaining stable and some even dropping. Qawasmeh, a member of the Amman Chamber of Commerce board, expected demand to increase during the last week of Ramadan. He said the current Eid Al Fitr season will be hard for apparel merchants due to "the overlap of seasons", as they need to offer discounts on winter clothing, while summer models hit the market. Jordan imports of ready-made clothing in the first two months of the year were at JD45 million, plus JD14 million of footwear, mainly from China, Egypt, Turkey, Europe, the United States, and West Asian countries, said Qawasmeh. Munir Dayeh, an importer and wholesaler, said the clothing and footwear commercial activity remains "very limited" and below levels seen in previous holiday seasons. He said importers, wholesalers, and retailers, completed preparations for the holidays, with most goods arriving in the local market and displayed in stores at suitable prices. Ihab Qadri, representative of the leather and garment industries at the Jordan Chamber of Industry, said that activity in the local market is currently "normal" compared to previous seasons, with sector facilities ready to meet demand.
