Latest news with #economic relations
Jordan Times
13 hours ago
- Business
- Jordan Times
JBA, Rwanda ambassador discuss forming joint business council
AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa on Wednesday met Rwandan Ambassador to the Kingdom James Ngango to discuss establishing a Jordan-Rwanda business council. The council aims to boost economic relations, facilitate 'deeper' business cooperation between the two countries, explore ways to expand cooperation between the private sectors of both countries and develop trade and investment exchanges, especially in priority sectors of mutual interest, according to Jordan News Agency, Petra. Tabbaa stressed the importance of building 'strategic' partnerships between businessmen in Jordan and Rwanda, calling for the need to organise "reciprocal" economic delegations to highlight promising investment opportunities in the Kingdom, particularly in the sectors of agriculture, tourism and pharmaceuticals. He also highlighted the significance of enhancing communication channels between the business communities of both countries to facilitate the exchange of expertise and enhancing cooperation. Ngango welcomed the proposal to establish a Jordan-Rwanda business council, expressing Rwanda's interest in boosting economic cooperation with Jordan. He highlighted his country's commitment to encouraging investors from both sides to explore the available investment opportunities, reinforcing the intent to expand bilateral economic ties and collaboration between the private sectors of both countries. The diplomat said that Jordan offers an attractive investment environment and encouraging incentives, while Rwanda provides a stimulating investment climate and various facilities for foreign investors. He stressed the importance of increasing the volume of trade between the two countries and providing appropriate frameworks to support cooperation. The trade volume between Jordan and Rwanda reached some $3.4 million in 2023, compared with $2.4 million in 2022, according to Petra.
Zawya
15 hours ago
- Business
- Zawya
Jordan: JBA, Rwanda ambassador discuss forming joint business council
AMMAN — President of the Jordanian Businessmen Association (JBA) Hamdi Tabbaa on Wednesday met Rwandan Ambassador to the Kingdom James Ngango to discuss establishing a Jordan-Rwanda business council. The council aims to boost economic relations, facilitate 'deeper' business cooperation between the two countries, explore ways to expand cooperation between the private sectors of both countries and develop trade and investment exchanges, especially in priority sectors of mutual interest, according to Jordan News Agency, Petra. Tabbaa stressed the importance of building 'strategic' partnerships between businessmen in Jordan and Rwanda, calling for the need to organise "reciprocal" economic delegations to highlight promising investment opportunities in the Kingdom, particularly in the sectors of agriculture, tourism and pharmaceuticals. He also highlighted the significance of enhancing communication channels between the business communities of both countries to facilitate the exchange of expertise and enhancing cooperation. Ngango welcomed the proposal to establish a Jordan-Rwanda business council, expressing Rwanda's interest in boosting economic cooperation with Jordan. He highlighted his country's commitment to encouraging investors from both sides to explore the available investment opportunities, reinforcing the intent to expand bilateral economic ties and collaboration between the private sectors of both countries. The diplomat said that Jordan offers an attractive investment environment and encouraging incentives, while Rwanda provides a stimulating investment climate and various facilities for foreign investors. He stressed the importance of increasing the volume of trade between the two countries and providing appropriate frameworks to support cooperation. The trade volume between Jordan and Rwanda reached some $3.4 million in 2023, compared with $2.4 million in 2022, according to Petra. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
LBCI
4 days ago
- Business
- LBCI
Beijing slams 'serious negative impact' of EU sanctions over Russia
Beijing's commerce ministry criticized new sanctions by the European Union on targets, including Chinese entities intended to restrict Russia's military, according to a statement on Monday, which referred to the measures as "mistaken." "The European Union's actions are contrary to the consensus reached by the leaders of China and the European Union and have had a serious negative impact on China-EU economic and trade relations and financial cooperation," a commerce ministry spokesperson said.
Times of Oman
7 days ago
- Business
- Times of Oman
Piyush Goyal holds talks with investment minister of Saudi Arabia to boost India-Saudi trade
New Delhi: Indian Union Minister of Commerce and Industry Piyush Goyal held talks with Saudi Arabia's Minister of Investment, Khalid Al-Falih, to strengthen trade and investment ties between the two countries. The meeting, held online, focused on building stronger economic relations, promoting mutual growth, encouraging innovation, and exploring long-term cooperation. Sharing details of the meeting on social media, Goyal said, "Held a fruitful discussion with Saudi Arabia's Minister of Investment @Khalid_AlFalih. Discussed strengthening investment and trade ties between India and Saudi Arabia, focusing on mutual growth, innovation, and long-term collaboration." This discussion came a day after Goyal held another virtual meeting with HE Faisal bin Fadel Al-Ibrahim, Saudi Arabia's Minister of Economy and Planning. That meeting focused on improving the India-Saudi Arabia trade and investment partnership and identifying areas of cooperation in key sectors. The two ministers talked about working together in areas such as pharmaceuticals, petroleum, ceramics, and more. Goyal also invited Minister Al-Ibrahim to visit India soon, in an effort to deepen the relationship through direct engagement. "Discussed strengthening India-Saudi Arabia ties, with a focus on enhancing our trade & investment partnership and collaborating in key sectors like pharmaceuticals, petroleum, ceramics, etc. Also, extended an invitation to His Excellency to visit India at the earliest. We are confident of exciting growth prospects ahead for both nations," Goyal stated in his post, showing optimism about the future of the India-Saudi Arabia economic relationship. These back-to-back meetings reflect India's ongoing efforts to strengthen ties with Saudi Arabia. Both countries are aiming to expand cooperation in various sectors, promote innovation, and ensure long-term and sustainable growth. The discussions mark another step forward in strengthening the strategic and economic partnership between the two nations.
Yahoo
14-07-2025
- Business
- Yahoo
Australian Prime Minister Anthony Albanese visits China to strengthen trade relations
BEIJING (AP) — Australian Prime Minister Anthony Albanese kicked off a visit this weekend to China meant to shore up trade relations between the two countries. Albanese met with Shanghai Party Secretary Chen Jining on Sunday, the first in a series of high-level exchanges that will include meetings with Chinese President Xi Jinping, Premier Li Qiang and Chairman Zhao Leji of the National People's Congress. The prime minister is leading 'a very large business delegation' to China, which speaks to the importance of the economic relations between Australia and China, he told Chinese state broadcaster CGTN upon his arrival in Shanghai on Saturday. During a weeklong trip, Albanese was set to meet business, tourism and sport representatives in Shanghai and Chengdu, including a CEO roundtable on Tuesday in Beijing, his office said. He oversaw the signing of an agreement between Chinese online travel giant and the government agency Tourism Australia aimed at attracting more Chinese tourists to the continent. It is Albanese's second visit to China since his center-left Labor Party government was first elected in 2022. The party was reelected in May with an increased majority. Albanese has managed to persuade Beijing to remove a series of official and unofficial trade barriers introduced under the previous conservative government that cost Australian exporters more than 20 billion Australian dollars ($13 billion) a year. Beijing severed communications with the previous administration over issues including Australia's calls for an independent inquiry into the origins of and responses to COVID-19. But Albanese wants to reduce Australia's economic dependence on China, a free trade partner. "My government very much values our relationship with China," Albanese said during his meeting with Chen. 'We deal with each other in a calm and consistent manner, and we want to continue to pursue our national interests, and it is in our interest to have good relations with China.' Chinese state-run Xinhua News Agency, in an editorial Saturday, described China's relationship with Australia as 'steadily improving' and undergoing 'fresh momentum.' 'There are no fundamental conflicts of interest between China and Australia,' the editorial stated. 'By managing differences through mutual respect and focusing on shared interests, the two sides can achieve common prosperity and benefit.'
