Ammon News - Prime Minister Dr. Bisher Khasawneh took part in the Jordanian-UAE-Egyptian tripartite cooperation meeting for industrial integration in Abu Dhabi, along with his Egyptian counterpart, Dr. Mustafa Madbouly, and a number of senior Emirati officials.
During the meeting, the agreement to announce the launch of the integrated industrial partnership initiative for sustainable economic development was signed, in the presence of the two countries' premiers and His Highness Sheikh Mansour bin Zayed Al Nahyan and UAE Deputy Prime Minister and Minister of Presidential Affairs.
The initiative, which was signed by Minister of Industry, Trade and Supply Yousef Shamali, aims to benefit from the integration areas in each country's capabilities and expertise in developing competitive industries with high quality at a global level.
In addition, the initiative seeks to provide industrial opportunities with added economic value worth billions of dollars, developing more joint industrial projects in the future, as well as progressing towards self-sufficiency, and ensuring food and health security.
Speaking at the event, PM Khasawneh said this tripartite meeting reflects the "deep-rooted" partnership and "distinguished" relations between the three countries and peoples, who are always looking forward to more achievements in various fields of economic cooperation.
The PM also pointed to the visions at the tripartite summit held by His Majesty King Abdullah II, Egyptian President Abdel Fattah El-Sisi, and UAE President His Highness Sheikh Mohammed bin Zayed, in Cairo last April.
The Cairo summit talks, he noted, showed shared views on many common issues at the Arab level, and stressed the importance of joint Arab action and coordination of efforts to face current and future challenges, and reduce their negative repercussions on the three countries.
Khasawneh said His Majesty King Abdullah II’s ongoing meetings with Egyptian president and His Highness Sheikh Mohammed bin Zayed, and their ensuing advanced levels of coordination of positions highlight the importance of complementary action with Egypt and the UAE at various levels, especially in the political and economic areas.
The PM also expressed confidence that this integration will have "deep" strategic benefits on the three countries, foremost is achieving the security and flexibility of joint supply chains, ensuring sustainability of the flow of goods easily and preventing any interruptions or imbalances, and the resulting price distortions.
This tripartite integration would also stimulate economic growth and diversification, reduce importing costs, and find alternative imports, which would be reflected in creating more job opportunities, Khasawneh noted.
The PM noted these benefits would also contribute to strengthening resilience of the three countries' economies in a world of rapid changes, stressing that the three countries are able to achieve industrial integration, based on a supreme political will strongly pushing to achieve this goal.
Referring to Jordan's celebration of its centennial and independence anniversaries, he said these occasions highlight the Kingdom's achievements, especially during the last two decades, under His Majesty the King Abdullah II's leadership, and launches "a renewed starting point to build upon."
Expressing pride in Jordan's industrial sector, he said it is witnessing a "modern and rapid" development and is attracting investments, employing qualified talent, and supporting the national economy, adding that it currently contributes to approximately 24 percent of GDP, 90% of total national exports, 70% of the overall foreign investments, and employs about 21% of the total workforce.
Locally, he noted Jordanian industries sucessfully entered about 140 countries, relying on the King's international efforts, which were supported by endeavors and legislation based on the best international practices, aimed to take into account the sector's local traits.
The government, he said, adopted a participatory approach based on dialogue with representatives of various industries, and integrating them in the process of developing industrial policies and legislation that would develop national industries and enhance their competitiveness in the local and export markets.
The government, he noted, has taken many measures and decisions to further advance the various economic sectors, improve their productivity, raise their competitiveness, and provide the appropriate infrastructure and qualified manpower.
The government's keenness to sign many bilateral and multilateral agreements, and join international agreements, played a major role in enabling Jordanian goods and services to reach global markets, in addition to accelerating the pace of trade exchange with many world countries, according to the PM.
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