The initiative, Shamali said, comes as a continuation to enhance the three countries’ “solid” relations and their endeavors to build “advanced” economic integration at the Arab level, and best benefit from the available opportunities in using capabilities and natural resources, and human assets high and advanced competencies.
In addition, he noted this initiative comes in response to challenges imposed by regional and international conditions and developments in the global economic arena, which require taking all necessary measures to increase the three countries’ capabilities to address these crises.
This is clear, especially with regard to efforts to enhance food security by taking advantage of the lessons resulting from Covid-19 pandemic and Russian-Ukrainian crisis and their repercussions on the global economy and markets and their impact on food security and commodity prices, he pointed out.
This partnership is based on a set of strategic goals, including developing industries capable of competing globally, achieving secure and flexible supply chains, and striving for sustainable growth, in addition to promoting expansion and integration of value chains and trade between the three countries, and enhancing value-added manufacturing sectors, the minister said.
Focus during the current stage will go to strategic priority areas such as achieving food and drug security, and giving flexibility to secure supply chains to reduce the current turmoil and global supply challenges, he noted.
Work will focus on the sectors of agriculture, food, fertilizers, textiles, minerals and petrochemicals, he added.
On future action to implement the initiative, he said an executive mechanism will be set up by a tripartite specialized committees within a specific time schedule, he noted.
He also stressed the importance of the three countries’ industrial sector, which contributes a large percentage to the overall economic activity, providing job opportunities, increasing exports and reviving other sectors.
Source: Jordan News Agency