Latest news with #DevelopingCountriesTradingScheme
Zawya
05-05-2025
- Business
- Zawya
Jordan, Britain talk economic cooperation
AMMAN — Minister of Industry, Trade and Supply Yarub Qudah on Saturday discussed with British Trade Envoy to Jordan, Kuwait and Palestine Lord Iain McNicol ways to enhance economic and trade cooperation within the framework of the bilateral partnership agreement signed in 2021. The two sides, in presence of British Ambassador to Jordan Philip Hall, went over progress in implementing the agreement, in terms of streamlining rules of origin and developing the government structure to monitor its provisions by launching a partnership council and its technical committees, the Jordan News Agency, Petra, reported. Qudah noted the need to address challenges related to the "complexities" of the rules of origin and the "high" costs of compliance and export, compared with the facilitations granted by the UK to competing countries under the Developing Countries Trading Scheme (DCTS) programme. Qudah called for reviewing the current terms of the "simplified" rules of origin decision to ensure Jordanian products have "preferential" access to British markets. For his part, McNicol stressed his country's "keenness" to expand economic cooperation with Jordan, underlining his country's support for developing the Kingdom's investment environment and enhancing trade exchange through sustainable initiatives, including support for small and medium-sized enterprises and stimulating British investment in Jordan's "vital" productive sectors. On future action, both sides agreed on the "importance" of accelerating the pace of work to organise the upcoming Jordanian-British Business Forum. The ministry said that the event would serve as a platform to boost partnerships in the two countries' private sectors and explore "new" cooperation opportunities, Petra added. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
The Star
23-04-2025
- Business
- The Star
Cambodia and Britain pledge to further enhance ties
West meeting Prak Sokhonn during their working lunch in Phnom Penh on April 22, 2025. - Photo courtesy of X PHNOM PENH: Cambodia and the United Kingdom on Tuesday (April 22) pledged to further boost bilateral ties and cooperation for mutual benefit. The pledge was made between Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn and Catherine West, parliamentary under-secretary at the Foreign, Commonwealth and Development Office, during their working lunch in Phnom Penh, the Cambodian Foreign Ministry said in a press release. Both sides highly appreciated the substantive and growing ties between Cambodia and the United Kingdom, the press release said, adding that they had discussions on promoting cooperation and partnership in trade, investment, tourism, education, development and demining. Sokhonn emphasised potential opportunities for further bilateral cooperation, underlining Cambodia's readiness to host the third bilateral consultations in Phnom Penh this year. On economic cooperation, Sokhonn expressed satisfaction with the rising trade volume which reached almost US$1 billion in 2024. "He expressed profound gratitude for including Cambodia as one of the beneficiaries under the Developing Countries Trading Scheme," the press release said. Sokhonn also briefed West on Cambodia's commitment and strengthened efforts to tackle cyber scams, including the establishment of a new national commission led by Prime Minister Hun Manet. "They discussed and agreed on deeper cooperation to combat this pressing transnational crime," the press release said. West expressed her admiration for Techo International Airport, designed by a British firm, and considered it a model of cooperation, according to the press release. - Xinhua
