Uzbekistan, Jordan to Boost Trade and Investment Cooperation

Uzbekistan and Jordan have agreed to work toward expanding bilateral trade, the Uzbek Ministry of Investment, Industry and Trade announced.

On August 11, Minister Laziz Kudratov met with Jordan’s Minister of Investment, Tariq Abu Ghazaleh. The two officials discussed strengthening investment cooperation, exchanging experiences in attracting foreign capital, and fostering a favorable business climate, The Caspian Post reports, citing Uzbek media.

The Uzbek delegation also held talks with Jordan’s Minister of Industry, Trade and Supply, Yarub Qudah. These discussions focused on boosting trade turnover and establishing direct ties between the business communities of both countries.

Key topics included industrial cooperation and export support. As a result of the talks, the two sides agreed to begin preparing a preferential trade agreement between Uzbekistan and Jordan.

Later, the delegation met with Jordan’s Minister of Digital Economy and Entrepreneurship, Sameer Smayrat, Director General of the King Hussein Business Park, Ammar Izziddin, and President of the Jordan Chamber of Industry, Fathi Jaghbir. The delegation also participated in a roundtable involving more than 20 companies.

Among the participants were representatives from the following sectors:

• Mining industry (National Arab Mining Co.)
• Pharmaceutical and chemical industries (Arab Pesticides and Veterinary Drugs Manufacturing Co., Jordan Phosphate Mines Co.)
• Textile industry (Classic Fashion Apparel Industry)
• Agricultural electrotechnics (Grow Tech), among others

During the meeting, participants were introduced to Uzbekistan’s investment potential and promising project initiatives. Several joint projects were agreed upon as a result of the discussions.