07-03-2022 01:12 AM
The Jordan Chamber of Commerce (JCC) Sunday said the Ukraine crisis will affect Jordan's market and prompt a surge in foodstuff prices.
Nael Kabariti, who is the JCC president, said that in addition to the COVID-19 economic fallout and the disruption of the supply and shipping chains, the Ukraine crisis has led the prices of staples to shoot up.
Kabariti added that the war in Ukraine has heavily impacted the world basket and disrupted the shipping and export chains, adding that the surge in crude prices added insult to injury and deepened the crisis, which would lead to the increase in shipping costs.
He emphasised the importance of freezing the import and customs fees on selected products to alleviate the situation. He highlighted that importers must start exploring new options aside from Ukraine and Russia, urging the authorities to grant them exemptions and support them.
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