Amman: Minister of Industry, Trade and Supply Yarub Qudah emphasized the advanced model of economic integration between Jordan and Iraq during the opening of the 2026 Franchise and Trade Agencies Exhibition. He highlighted the strategic necessity of deeper integration amid regional challenges and evolving economic conditions to achieve sustainable development and strengthen economic resilience in both countries.
According to Jordan News Agency, the two-day exhibition organized by the Pana Conferences and Exhibitions Foundation and the Iraqi Business Council in Jordan at the Amman International Exhibition Center saw participation from official and private-sector representatives from both countries. Qudah noted that Jordanian businesses have maintained a strong presence in the Iraqi market for many years, reflecting the depth of the economic ties.
Qudah underscored that bilateral trade reached its highest level in 15 years during 2025, emphasizing that economic integration serves a shared strategic interest supporting growth and stability in both economies. He mentioned that recent regional developments have highlighted the importance of economic cooperation and integration, noting the mutual economic and logistical benefits for both countries.
He also reported a strong performance of the Jordanian economy in 2025, with national exports increasing by over 10 percent compared to 2024, and foreign direct investment rising by more than 30 percent. Additionally, he highlighted a package of major projects with estimated capital expenditures of approximately $9 billion planned for 2027 and 2028.
Chairperson of the Iraqi Business Council in Amman, Majid Saadi, acknowledged the direct impact of regional developments and challenges on investors and businesspeople in Jordan, Iraq, and the broader Arab region. He emphasized the support from the Jordanian government to the private sector and the importance of expanding economic cooperation.
Saadi pointed out that commercial agencies and franchising activities are crucial for expanding private-sector business, noting the significant opportunities offered by the Iraqi market, with its population of about 45 million. He added that the size and purchasing power of the Iraqi market provide promising prospects for additional partnerships and investments between Jordanian and Iraqi businesses.