Jordan, Kuwait agree to build advanced economic cooperation

Amman Chamber of Commerce (ACC) Chairman, Khalil Hajj Tawfiq, and the Kuwaiti ambassador to the Kingdom, Aziz Daihani, have agreed on the need to further boost the investment and trade cooperation to reach broader economic horizons in the post-Covid-19 crisis.


During a joint meeting held on Wednesday, the two sides stressed the importance of building “advanced and fruitful” economic cooperation based on the “distinguished, historic” relations between Jordan and Kuwait at various levels.


Moreover, the two sides discussed several issues of mutual concern to the economic interests, and prospects for cooperation and joint preparedness in the post-Covid-19 phase, stressing the need to enhance contact among the two countries’ private sector institutions.


Discussions also went over increasing and diversifying Kuwaiti investments in Jordan, establishing joint trade partnerships, cooperating in the field of health, education, tourism, vocational training, and increasing vegetable exports to the Kuwaiti market, said an ACC statement.


Lauding Kuwait’s continuous support to Jordan in various fields, Hajj Tawfiq said Kuwait’s investments in Jordan rank first at the Arab level, worth about $18 billion in many economic sectors with added value, and have contributed to providing job opportunities and supported the Kingdom’s economic growth.


Hajj Tawfiq expressed hope the next phase will witness more Kuwaiti investments in the Kingdom’s strategic sectors.


The ACC is seeking to sign cooperation agreements with its Kuwaiti counterpart to enhance joint trade cooperation, and Kuwait will be the first destination for Jordanian trade delegations in the post-Covid-19 stage, according to Hajj Tawfiq.


For his part, Dihani said his country’s relations with Jordan are ” distinguished,” and the two countries share a similar stance towards the Palestinian issue, and Kuwait supports the Hashemite guardianship over holy sites in Jerusalem.


Kuwait is keen on building “strong” economic relations with Jordan and pushing them to broad horizons through exchanging trade visits and enhancing joint “fruitful’ cooperation, he noted, praising the Kingdom’s support to Kuwait during the Covid-19 pandemic.


The Kingdom’s investment climate encourages Kuwaiti investors to increase their investments in the Kingdom, stressing the need to establish Jordanian companies in Kuwait and benefit from the Kuwaiti market, which he described as “promising,” according to the ambassador.


The Kuwaiti embassy is ready to provide all facilitations and support to business community, especially with regard to granting visas and facilitating movement and flow of goods, Dihani said.


Source: Jordan News Agency

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