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Economy
Saturday, 30-June-2007
Petra - Amman, June 30 (Petra)—President of the Jordan Chamber of Commerce Haidar Murad highlighted the need to develop economic, trade and investment relations between Jordan and Yemen.

During a meeting with a Yemeni delegation led by President of the General Investment Authority Salah Attar, Murad said security, political, economic and monetary stability as well as modern laws and legislations, are key elements in the success of the investment process in the Kingdom.

Other important elements he said, include the basic infrastructure, advanced services, free trade and industrial zones, mainly in Aqaba, Mafraq and Irbid, as well as agreements signed with the US, Europe and Singapore.
Murad stressed the importance of cooperation between the Jordanian private sector and the Yemeni General Investment Authority, highlighting the need to boost contacts between the Jordanian and Yemeni chambers of commerce and activate the Joint Businessmen Council agreement to hold regular meetings in Amman and the Yemeni capital Sanaa.

He also called for increasing the volume of trade exchange which falls short of the aspirations of the two countries.

The Yemeni official reviewed the promising sectors for investment in his country, mainly the fishing sector, and called for establishing joint investment projects in this area.

Since 1975, Jordan and Yemen signed a total of 175 agreements, memorandum of understanding, and executive programs.

These agreements included cooperation in the fields of trade, electricity, gas, agriculture, construction, reconstruction, transport, media, insurance, social affairs, employment, training, culture, tourism, health, education, scientific research, management development, legal affairs, civil defense and free zones.

//Petra//om
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