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Ammon News - Acting President of the Jordan Investment Commission (JIC) Fredon Hartoqa has called for increasing Euro-Mediterranean cooperation to attract foreign investment and boost trade exchange, especially in the post-coronavirus stage.

Hartoqa made the comment during a meeting of the working group of MENA countries on investment and trade, titled "Rethinking value chains and regional economic integration to recover after the pandemic in the Middle East and North Africa," organized by the Organization for Economic Co-operation and Development.

In a statement released by the Commission Sunday, Hartoqa stated that the next phase needs to work on specific and targeted programs that enhance the investment environment for the MENA region and increase its contribution to global supply chains with a focus on sectors of strategic importance including the agriculture, medical and pharmaceutical supplies, information technology, and food industries sectors. He pointed out that the programs must take into account the most afflicted key economic sectors, such as the tourism sector, stressing that enhancing cooperation requires complementary policies.

Hartoqa said the Commission is preparing a new investment law aimed at achieving the goals and aspirations of investors, in line with international best practices, in addition to introducing a complaint mechanism to find suitable solutions for investors under the laws and regulations in force in the Kingdom to save time and effort.

The Commission, he added, seeks to attract investments that achieve the greatest benefit to the local economy, especially the ones capable of creating job opportunities and developing the least developed regions in the Kingdom.

During the COVID-19 pandemic, the Commission targeted the most important investment sectors and worked to promote them as promising and attractive investment opportunities such as the health, agriculture and industries, food, information technology, tourism and the medical sector.