Global Arab Network | Jordan, Poland boosting trade and investment cooperation

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Jordan, Poland boosting trade and investment cooperation

Global Arab Network - - Talal Abdullah

Tuesday, 17 May 2011 17:04

Jordan, Poland boosting trade and investment cooperation

Global Arab Network - Jordanian economic delegation concluded a working visit to Poland which aimed at boosting bilateral trade, economic and investment cooperation. Head of the delegation Issa Murad said that the visit created an opportunity for the two countries' businessmen to take advantage of the promising opportunities available in the economy of both sides.

During the visit, the delegation met with the Polish economy minister to discuss means of enhancing trade, creating new business and investment partnerships and exchanging expertise, information and visits.

Murad briefed the Polish minister on Jordan's future investment projects in the fields of energy, transport, infrastructure, industry, medical services, education, training, tourism, technology transfer, water and transportation. The minister expressed his hope to boost trade cooperation with Jordan, noting that the Kingdom is an important economic partner of Poland though the current volume of trade exchange does not reflect the available potential investment opportunities in both countries.

Meanwhile, the Jordan-Europe Business Association (JEBA) and the Confederation of Polish Employers signed a cooperation agreement to boost bilateral trade and economic ties as well as exchange information and delegations.

Jordan's trade balance rises 25.7 percent Amman, May 17 (Petra)--Deficit in Jordan's trade balance rose during the first quarter of 2011 to JD1.667 billion compared to JD843.7 million during the same period of 2010, according to figures of the Department of Statistics. The figures showed that national exports and re-exported goods also jumped in the first three months of this year to JD1.368 billion compared to JD1.183 in the same period of last year.

The value of exports during the same period also reached JD1.159 billion. According to the department's figures, imports rose during the first quarter of 2011 to JD3.045 billion compared to JD2.518 billion in the same period of 2010. (Petra)

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