Jordan, Kuwait agree to enhance bilateral economic cooperation

Jordan, Kuwait agree to enhance bilateral economic cooperation

Amman (UNA-OIC) – Chairman of the Amman Chamber of Commerce (ACC) Khalil Hajj Tawfiq and Ambassador of Kuwait to Jordan Aziz Daihani have agreed on the need to further boost investment and trade cooperation between the two countries, to reach broader economic horizons in the post-COVID-19 crisis.

During a joint meeting held on Wednesday, the two sides stressed the importance of building “advanced and fruitful” economic cooperation, based on the “distinguished, historic” relations between Jordan and Kuwait at various levels. They also discussed several issues of mutual economic interests, and prospects for cooperation and joint preparedness in the post-COVID-19 phase, stressing the need to enhance contact among the private sector institutions in the two countries.

Discussions also covered increasing and diversifying Kuwaiti investments in Jordan; establishing joint trade partnerships; cooperating in the field of health, education, tourism, vocational training; and increasing vegetable exports to the Kuwaiti market, according to an ACC statement.

Hajj Tawfiq lauded Kuwait’s continuous support to Jordan in various fields, spelling out that the Gulf state’s investments in the Kingdom, which worth about $18 billion in many economic sectors with added value, rank first at the Arab level. He stated that these investments have contributed to providing job opportunities and supported Jordan’s economic growth.

The Jordanian official expressed hope the next phase will witness more Kuwaiti investments in the Kingdom’s strategic sectors. He said the ACC seeks to sign cooperation agreements with its Kuwaiti counterpart, to enhance joint trade cooperation, pointing out that Kuwait will be the first destination for Jordanian trade delegations in the post-COVID-19 stage.

For his part, Dihani said Kuwait’s relations with Jordan are “distinguished”, and the two countries share a similar stance towards the Palestinian issue, as Kuwait supports the Hashemite Guardianship of the holy sites in Jerusalem.

Kuwait is keen on building strong economic ties with Jordan and pushing them to broader horizons through exchanging trade visits and promoting joint fruitful cooperation, he noted, praising the Kingdom’s support to Kuwait during the COVID-19 pandemic.

Jordan’s investment climate encourages Kuwaiti investors to increase their investments in the Kingdom, Dihani said, stressing the need to establish Jordanian companies in Kuwait and benefit from the Kuwaiti market, which he described as “promising”.

The Kuwaiti embassy is ready to provide all facilitations and support to the business community, especially with regard to granting visas and facilitating movement and flow of goods, he added.

AB/UNA-OIC

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