ACC voices keenness to strengthen Jordanian- Moroccan economic relations

[02-10-2021 11:36 AM]

Ammon News - The Board of Directors of the Amman Chamber of Commerce (ACC) affirmed its readiness to send an economic delegation to Morocco to examine investment opportunities, network with business owners, and activate joint memoranda of understanding, Jordan News Agency Petra reported.

Speaking during a meeting with the Jordanian ambassador to Morocco, Jumana Ghunaimat, ACC President, Khalil Haj Tawfiq, said ACC will work in coordination with the embassy to support and develop the two countries' economic relations and increase their reciprocal trade exchanges.

In an ACC press statement on Saturday, Hajj Tawfiq said Morocco constitutes "a gateway for Jordan to access West African countries' markets," just as the Kingdom is an opportunity for Moroccan business owners to establish investments and benefit from trade agreements signed with various global economic blocs, according to Petra.

Hajj Tawfiq affirmed the ACC's readiness to provide the Jordanian embassy in Morocco with any information about investment opportunities and commercial statistics in the Kingdom, in addition to receiving trade delegations.

For his part, the ACC Vice President, Nabil Khatib, said the two countries should "seriously" mull plans to establish a direct maritime line and facilitate visa issuance to contribute to developing and increasing trade relations and activity, in addition to reducing shipping costs.

In turn, Ghunaimat said she will work in accordance with His Majesty King Abdullah II's directives to implement "economic diplomacy", serve the two countries' interests at various levels and overcome obstacles facing bilateral trade.

According to the Chamber's statistical data, the volume of Jordan-Morocco trade exchange during the first half of this year amounted to nearly JD11 million.
Plant products, textile materials and chemical industries are the most important Jordanian exports to the Moroccan market, while imports are concentrated in food, textile materials, machinery, appliances and electrical equipment.

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