Latest news with #JordanChamberofIndustry
Jordan Times
26-04-2025
- Business
- Jordan Times
JCI, Libyan chambers union sign cooperation agreement
Presidents of the Jordan Chamber of Industry Fathi Jaghbir and Libyan Union of Chambers of Commerce, Industry and Agriculture Mohamed Raeid in Tripoli on Saturday sign agreement to enhance cooperation (Petra photo) AMMAN — Presidents of the Jordan Chamber of Industry (JCI) Fathi Jaghbir and the Libyan Union of Chambers of Commerce, Industry and Agriculture Mohamed Raeid on Saturday in Tripoli signed an agreement to enhance cooperation. The agreement also seeks to develop fields of work between businessmen and economic institutions in the two countries, the Jordan News Agency, Petra, reported. Jaghbir said that the agreement establishes a "strong" start in economic and trade relations between Jordan and Libya, and contributes to facilitating trade and the exchange of industrial expertise. He stressed that Libya has "promising" markets, in which Jordanian products can compete 'strongly,' due to their quality and diversity. A joint business council will be established to enhance cooperation, increase the volume of trade exchange, encourage investments and establish joint projects in the two countries, Petra added. The agreement also includes exchanging information, legislation, magazines and guides concerned with industry and trade affairs, and entails organising seminars, panel discussions and conferences, exchanging trade delegations, providing possible assistance and facilities to businessmen in both countries. They also agreed on organising meetings to study means to implement this agreement and proposing measures in order to develop economic relations and ensure their continuity and expansion.
Jordan Times
23-04-2025
- Business
- Jordan Times
40 Jordanian companies participate in Tripoli International Fair in Libya
Tripoli International Fair, which will see the participation of 40 Jordanian industrial companies, constitutes an 'important and strategic' platform for Jordanian industry, says President of Jordan Chamber of Industry Fathi Jaghbir (JT file) AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Wednesday said that Tripoli International Fair, which will see participation of 40 Jordanian industrial companies, constitutes an "important and strategic" platform for Jordanian industry. Jaghbir added that Libya is a "promising" market, as Jordanian products can compete "strongly, given their quality and diversity,' the Jordan News Agency, Petra, reported. He noted that the event "is not limited to displaying products, but rather opens the door to boost bilateral economic relations." During the event, he said that Jordanian delegates can hold direct meetings with their Libyan counterparts and negotiate investment opportunities and future trade partnerships. As for signing a cooperation agreement by the JCI and the General Libyan Union of Chambers of Commerce (GLUCC), Jaghbir said that the step would establish a "strong" foundation for economic and commercial relations and contribute to facilitating trade exchange and the transfer of industrial expertise. The JCI president stressed the need for continued government support for these initiatives and partnerships, given their "significant" impact in boosting Jordanian industry's regional presence and opening "new" markets that contribute to supporting the national economy. Page 2
Jordan News
15-04-2025
- Business
- Jordan News
4.4% Industrial Sector Growth Last Year - Jordan News
The industrial sector achieved real growth of 4.4% last year compared to 2023, contributing 40% of the Kingdom's total economic growth despite regional challenges. اضافة اعلان Eng. Fathi Al-Jaghbir, Chairman of the Jordan Chamber of Industry, said in a statement on Monday that the industrial sector has proven its solid position as a key driver of economic activity and growth in the Kingdom, despite regional changes and unprecedented economic and global pressures. He added that the industrial sector's contributions were not just results, but clear evidence of its resilience, high reputation, and ability to achieve results that exceed expectations. He indicated that industry has become a driving force for the national economy, as it is the foundation and main pillar of the economic modernization vision. He pointed out that this growth was driven by positive developments and remarkable growth in various industrial sectors. The mining sector recorded growth of 5.5%, the manufacturing sector grew by 4.2%, and the electricity and water sector grew by 4.8%. He noted that industrial output, at current prices, reached JD8.6 billion in 2024, directly accounting for 23 percent of the gross domestic product (GDP), making it the highest-contributing economic sector to the national economy as a whole. He explained that the strong performance of the industrial sector stems from the accumulated foundations of years of continuous development, the global reliability of national industry, and its ability to transform challenges into opportunities to enhance production capacities and improve the industrial environment. He expressed his hope that the current year will be more advanced and prosperous for Jordanian industry, amid government attention through optimal implementation of all Economic Modernization Vision initiatives and enhancing its competitiveness, ensuring higher growth rates and maximizing the benefit of potential opportunities in local, regional, and global markets. Al-Jaghbeer pointed out that the contribution of industry to the GDP is due to the 1.4 percent growth in industrial exports last year compared to 2023, reaching a value of more than JD7.8 billion, representing approximately 92 percent of total national exports. Jordan's Industrial Sector Grows by 4.4% in 2024 Jordan's industrial sector recorded a real growth rate of 4.4% in 2024 compared to 2023, contributing to 40% of the country's overall economic growth, according to the Jordan Chamber of Industry. 🗣 Chairman Fathi Al-Jaghbir stated: 'This reflects the industrial sector's resilience and its pivotal role as a driver of Jordan's economy, despite regional instability and global economic challenges.' 📈 Growth by Sector: Mining: +5.5% Manufacturing: +4.2% Electricity & Water: +4.8% 💰 Industrial GDP Contribution: JD 8.6 billion in current prices Represents 23% of Jordan's total GDP The largest contributor among all economic sectors 📦 Industrial Exports: Increased by 1.4% in 2024 Exceeded JD 7.8 billion Accounted for 92% of national exports 🌍 The growth is attributed to: Long-standing industrial development Strong international reputation of Jordanian products Transformation of challenges into opportunities for expansion 🛠️ Al-Jaghbir expressed hope for continued industrial advancement in 2025 through: Effective implementation of the Economic Modernization Vision Enhanced competitiveness Seizing opportunities across local, regional, and global markets
Zawya
07-04-2025
- Business
- Zawya
JCI president urges talks after US imposes 20% tariff on Jordanian exports
AMMAN — President of the Jordan Chamber of Industry (JCI) Fathi Jaghbir on Saturday called for a meeting of the boards of the industrial chambers on Sunday to discuss the implications of the US president's decision to impose a 20 per cent customs tariff on Jordanian exports to the US. Jaghbir said that the meeting would also go over suitable solutions to address the consequences of this decision, according to a JCI statement. He explained that the US decision to impose tariffs on a number of its trade partners, including Jordan, necessitates "immediate" actions to support the national industry. Jaghbir, who is also president of the Amman Chamber of Industry, noted that the government and private sector are working in "close" coordination to enhance domestic production capabilities and boost competitiveness. He stressed that the Kingdom must adopt policies that ensure balance in trade relations. Jaghbir highlighted the resilience of Jordanian industry, which has proven its ability to compete despite various challenges. He pointed out that Jordan's trade balance with the US recorded a surplus of JD877 million ($1.24 billion) in 2024. Jordan's exports to the US in 2024 reached JD2.208 billion ($3.12 billion), up from JD1.958 billion ($2.77 billion) in 2023, marking an increase of 12.8 per cent, the statement added. Jaghbir described the US decision as a "clear message that nations must protect their industries and strengthen local production." © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
06-04-2025
- Business
- Jordan Times
JCI discusses implications of imposing tariffs on exports to US
The Jordan Chamber of Industry discusses the implications of US President Donald Trump's decision to impose tariffs on exports to the US at 20 per cent (Photo courtesy of JCI) AMMAN — The Jordan Chamber of Industry (JCI) on Sunday held a meeting with industrial companies that export to the US and the boards of directors of the chambers of industry to discuss the implications of US President Donald Trump's decision to impose tariffs on exports to the US at 20 per cent. Minister of Industry, Trade and Supply Yarub Qudah said that the new US tariff system is a policy of tariffs on imports to the US market from many countries, and it is a global policy and does not target Jordan only, according to Al Mamlaka TV. Qudah added that the tariff policy will have an impact on Jordanian exports to the US market. He stressed that the government has begun to discuss solutions and ways to enhance the competitiveness of the concerned economic sectors following the recent US decisions to find solutions to any challenges for the benefit of everyone and to maintain the competitiveness of Jordanian exports and the strategic economic relationship with the US. The Kingdom's trade balance with the US for 2024 achieved a surplus of JD877 million. Foreign trade data issued by the Department of Statistics showed a "remarkable" growth in national exports to the US last year, reaching JD2.208 billion, compared with JD1.958 billion in 2023, marking an increase of 12.8 per cent The value of the Kingdom's imports from the US market last year amounted to JD1.331 billion, compared with JD1.161 billion in 2023, an increase of 14.6 per cent. The volume of trade exchange between the two countries increased during the past year to JD3.539 billion, compared with JD3.119 billion in 2023. According to statistical data, national exports to the US constituted 25.7 per cent of the total value of Jordanian exports in 2024.
