FAO, EBRD launch initiative to enhance olive oil production

Amman, The Food and Agriculture Organization (FAO) and the European Bank for Reconstruction and Development (EBRD) Tuesday launched an initiative aimed at enhancing productivity, quality and sufficiency of Jordanian olive oil.

The initiative came as part of a regional two-year project carried out by both FAO and EBRD with the aim of supporting the olive oil industry in Jordan, Egypt, Lebanon, the occupied West Bank and the Gaza Strip.

The EBRD’s Trade and Competitiveness Program seeks to boost competitiveness for small- and medium-sized institutions in the sectors of industry, trade and agriculture in countries like Jordan, Morocco, Egypt and Tunisia.

Organizers underlined the importance of an overarching review of the Jordanian olive oil sector through a review of global trends, policy environment, efficiency of the sector, key stakeholders in the private sector, investment potential and policy participation, as well as social and environmental issues, particularly water efficiency and carbon emissions in the sector.

They added that the review process will focus on investment analysis and training to improve the overall performance of the sector by identifying gaps in knowledge and access to modern technology.

They pointed out that the Jordanian olive oil sector holds tremendous prospects for growth and competition globally and the opening of new markets, which provides employment opportunities for suppliers, especially young people, and that the olive oil industry is an important source of employment.

Annually, Jordan produces more than 23,000 tons of olive oil, most of which is for local consumption.

Source: Jordan News Agency