Al-Qudah discusses enhancing trade and investment cooperation with the Eurasian Economic Union
Amman2 min read
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Minister of Industry, Trade and Supply, Yarub Al-Qudah, discussed in the Russian capital, Moscow, with the Minister in charge of Integration and Macroeconomics of the Eurasian Economic Union, Daniyar Turusbekovich Ibragimov (Daniyar Imanaliev), ways to consolidate economic, trade, and investment relations between the two sides, and prospects for expanding frameworks of joint cooperation in various areas of mutual interest.
During the meeting, which was attended by the Secretary-General of the Ministry of Industry, Trade and Supply, Dana Al-Zoubi, along with a number of officials and stakeholders from both sides, the two parties welcomed the level of existing relations, stressing their keenness on the importance of maintaining communication and joint coordination to open broader and more comprehensive horizons for the business sectors in Jordan and the Eurasian Economic Union countries, in a way that serves common interests and enhances trade exchange.
Minister Al-Qudah stressed the necessity of activating the memorandum of understanding signed between the two sides by forming a joint working group for trade and investment, and holding its first meeting in Moscow during the current year with the participation of relevant authorities and institutions.
He pointed to the importance of setting a clear work agenda to define priorities and exchange information on the necessary policies and procedures, to pave the way for starting serious negotiations to conclude a Free Trade Agreement (FTA) or a Preferential Trade Agreement (PTA), which would contribute to enhancing trade exchange and creating new opportunities for the private sector to benefit from this partnership.
For his part, Minister Imanaliev expressed the Eurasian Economic Union's keenness to study the available options for developing frameworks for economic and trade cooperation with Jordan, stressing the importance of continuing dialogue and coordination between the relevant institutions to reach a practical and fruitful partnership during the coming period, and moving from the dialogue stage to executive steps that benefit both sides.
