Latest news with #TradingScheme
Jordan Times
03-05-2025
- Business
- Jordan Times
Jordan, Britain talk economic cooperation
Minister of Industry, Trade and Supply Yarub Qudah on Saturday discusses with the British Trade Envoy to Jordan, Kuwait and Palestine, Lord Iain McNicol ways to enhance joint economic and trade cooperation (Petra photo) 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. Page 2
Arab News
03-05-2025
- Business
- Arab News
Jordan, UK explore deepening trade ties under partnership agreement
AMMAN: Jordan and the UK have reaffirmed their commitment to strengthening economic and trade cooperation under the framework of their 2021 bilateral partnership agreement, the Jordan News Agency reported. During talks in Amman on Saturday, Minister of Industry, Trade, and Supply Yarub Qudah met with British Trade Envoy to Jordan, Kuwait, and Palestine, Iain McNicol, to discuss progress made under the deal and explore further avenues of collaboration. Philip Hall, the British ambassador to Jordan, also attended the meeting. According to a statement from the Jordanian Ministry of Industry, the discussions touched on efforts to streamline rules of origin and the development of mechanisms to monitor the agreement's implementation; chief among them the launch of a Partnership Council and technical committees. Qudah highlighted several ongoing challenges, including the complexity of the rules of origin, and the comparatively high costs of compliance and export for Jordanian producers. He stressed the need to review the terms of the current agreement to ensure Jordanian products are granted preferential access to UK markets— particularly in light of the United Kingdom's Developing Countries Trading Scheme, which offers more favorable terms to other nations. McNicol affirmed Britain's 'keenness' to deepen trade ties with Jordan and expressed support for improving the Kingdom's investment environment. He also emphasized the UK's commitment to sustainable trade initiatives, including support for small and medium-sized enterprises, and stimulating British investment in Jordan's 'vital' productive sectors. Looking ahead, both sides agreed to accelerate preparations for the upcoming Jordanian-British Business Forum, which they said would provide a key platform to strengthen private-sector ties and explore new areas of economic cooperation.
Ammon
03-05-2025
- Business
- Ammon
Jordan, Britain discuss ways to enhance joint economic cooperation
Ammon News - Minister of Industry, Trade, and Supply, Yarub Qudah, discussed with the British Trade Envoy to Jordan, Kuwait, and Palestine, Lord Iain McNicol, ways to enhance joint economic and trade cooperation within the framework of the bilateral partnership agreement signed in to a ministry statement on Saturday, 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 Partnership Council and its technical noted the need to address challenges related to the complexities of the rules of origin and the high costs of compliance and export, compared to the facilitations granted by the United Kingdom to competing countries under the Developing Countries Trading Scheme (DCTS) called for reviewing the current terms of the simplified rules of origin decision to ensure Jordanian products have "preferential" access to British his part, McNicol affirmed 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 future action, both sides agreed on the importance of accelerating the pace of work to organize the upcoming Jordanian-British Business statement said the event would serve as a platform to strengthen bilateral partnerships in the two countries' private sectors and explore "new" cooperation opportunities. Petra
