Amman:Economic relations between Jordan and Uzbekistan are on the rise, with both nations experiencing a 79% increase in trade in 2025. This development was highlighted during a meeting at the Amman Chamber of Industry, where Fathi Al-Jaghbir, Chairman of the Jordan and Amman Chambers of Industry, discussed the progress with Uzbekistan's Minister of Investment, Industry, and Trade, Laziz Kudratov, and his delegation.
According to Jordan News Agency, Al-Jaghbir emphasized the growth in trade and the presence of 18 companies with Jordanian capital operating in Uzbekistan. He highlighted the potential for expanding trade by leveraging existing production areas, with Jordan exporting pharmaceuticals, chemical products, machinery, and equipment to Uzbekistan, while importing textiles, dried fruits, and nuts.
Al-Jaghbir noted Jordan's competitive edge in industries such as pharmaceuticals, chemicals, fertilizers, and engineering. He mentioned that Jordanian products meet European and American standards, further supported by free trade agreements with the US, EU, Arab countries, and Canada. These agreements enhance Jordanian exporters' opportunities, while Jordanian investments in Uzbekistan could open pathways to Central Asian markets. Similarly, Uzbek investments in Jordan could exploit the Kingdom's geographic location and trade agreements to access Arab markets.
Logistical challenges affecting trade, procedural requirements for the preferential trade agreement, and financial transfers were also discussed as areas needing attention. Kudratov expressed Uzbekistan's intent to deepen economic cooperation with Jordan, citing plans to organize bilateral meetings, a business forum, and a joint exhibition to highlight opportunities in both countries.
Kudratov announced Uzbekistan's plan to bring over 100 company representatives to Jordan next month to explore collaboration opportunities. He underscored sectors like cotton, textiles, pharmaceuticals, automobiles, machinery, equipment, and building materials as potential areas for partnership. Uzbekistan's automotive production, in collaboration with companies like General Motors, BYD, Volkswagen, and Kia, presents further opportunities for Jordanian companies in related industries. The growth in Uzbekistan's construction sector also offers prospects for Jordanian enterprises to enter the Uzbek market or form joint ventures.