Ammon News - The Parliamentary Committee on Economy and Investment participated on Wednesday in a roundtable discussion organized by the United Kingdom's Westminster Foundation for Democracy to examine the impact of the Investment Environment Law No. (21) of 2022.

The event was supported by the European Union's Support to Jordanian Democratic Institutions and Development program and attended by experts and representatives from government agencies and the private sector.

The roundtable concluded with recommendations that included developing executive regulations, standardizing government procedures, automating licensing and registration processes, enhancing transparency, supporting small and medium enterprises, intensifying investment promotion, and enabling governorates to attract investment projects, according to a statement issued by the committee.

A session, titled "The Investors' Perspective," included representatives from the Ministry of Investment, the Social Security Corporation, and a number of investors. They reviewed the most significant challenges encountered over the past three years and the opportunities available to enhance the investment environment.

MP Khaled Abu Hassan stressed the importance of evaluating the law’s impact three years after its implementation. He underlined the need to improve related procedures, activate the investment window, and enhance the quality of services provided to investors. He also highlighted the crucial role of public-private partnerships in the success of economic reforms.

He said the committee is closely monitoring the impact of economic legislation and is currently reviewing key provisions of the Investment Environment Law, including investor rights and the Investment Council, with the aim of developing the law and preparing comprehensive recommendations to enhance the investment climate.

For his part, Zuhair Khashman, head of the Parliamentary Union of Centrist Parties bloc, highlighted the importance of adopting a participatory approach among official bodies. He stressed that improving the quality of services requires periodic reviews and effective evaluations, in addition to investing in human capital and providing a stimulating work environment.

Rana Kawar, director of the Westminster Foundation for Democracy office in Jordan, underscored the importance of conducting periodic reviews of economic legislation and continuing dialogue between the public and private sectors to support the business environment.