Joint Jordanian-Palestinian executive trade program signed

12 February 2013
Amman - Jordan and the Palestinian Authority PA today signed an executive trade program agreed at a meeting of their joint committee held in the West Bank city of Ramallah in November.

Minister of Industry and Trade and Communications and Information Technology Minister, Hatem Halwani, said after signing the document with Palestinian National Economy Minister Jawad Naji that efforts should be stepped up by the public and private sectors in both countries to put signed deals and programs into force.

Halwani called for developing joint ventures and removing barriers to expanding trade, adding that a series of meetings and workshops will be held in both countries to familiarize the Jordanian and Palestinian private sectors with facilities and incentives provided by bilateral agreements.

Noting Jordan's political and economic support to the PA, Naji said the trade volume between the two sides had not been up to the level of their close political ties.

"The volume of trade between Palestine and Israel currently runs at $4 billion, while trade between the PA and all the Arab countries does not exceed $100 million," he said, calling for removing administrative and technical hurdles, but stressing that the Israeli occupation is the main culprit.

The Palestinian minister said a permanent centre for Jordanian industries will open in Palestine and a similar Palestinian facility will also open in the Kingdom.

© Jordan News Agency - Petra 2013


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