Minister says exports recovery sets ground for economic rebound

11-06-2019 04:43 PM

Ammon News - AMMONNEWS - Minister of Industry, Trade and Supply Tarek Hammouri said that Jordanian exports increased by 9.3 percent during the first quarter of 2019, reflecting an improvement in the overall economic situation and creating a basis for a gradual economic recovery.

During a meeting with representatives of the industry sector in Irbid governorate, Hammouri said the increase in Jordan’s debts was due to circumstances beyond its control such as the disruption of gas supply from Egypt, regional upheaval, and the closure of borders.

The Kingdoms debt is currently at JD28 billion, he noted.

The minister stated that financial solutions including taxes and levies, which go to the country’s budget, are unavoidable without finding alternative sources.

He anticipated a further improvement in exports by the end of this year and beyond, highlighting that this improvement will be the basis for a broader economic growth.

On halting imports from Syria, Hammouri pointed out that the decision came after Syria stopped importing Jordanian goods despite Jordan’s attempts to allow the export of Jordanian industries.

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