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Jordan and Iraq Strengthen Economic Relations Through MoU Signing

On February 3, 2025, Jordan’s Yarub Qudah met with Iraq’s Prime Minister Mohammed Sudani to enhance economic and commercial relations. They discussed industrial cooperation, investment stimulation, and the Iraq Development Road project. A Memorandum of Understanding on standardisation and quality control was signed, marking a commitment to ongoing collaboration in trade and industry sectors.

On February 3, 2025, Jordan’s Minister of Industry, Trade, and Supply, Yarub Qudah, met with Iraqi Prime Minister Mohammed Sudani in Baghdad. The meeting aimed to enhance bilateral relations focusing on economic and commercial sectors. The exchange occurred during the Jordanian-Iraqi Joint Trade Committee meetings, emphasizing industrial advancement and commercial cooperation.

Key points of discussion included the development of a joint border economic city designed to stimulate investment and promote economic integration. Additionally, they reviewed the Iraq Development Road project, emphasizing strategic components intended to provide mutual benefits for both nations. Qudah expressed Jordan’s support for Iraq’s upcoming role in hosting the Arab Summit in Baghdad later this year.

The meeting concluded with the signing of a Memorandum of Understanding between Qudah and Iraqi Minister of Trade Atheer Ghurairi, focused on standardisation and quality control. Discussions also encompassed cooperation in trade, industry, customs, and established future sessions for further dialogue. Qudah’s agenda included discussions with various Iraqi ministers regarding economic collaboration, attending the Baghdad International Fair, and participating in the Jordanian-Iraqi Business Forum recently held.

The discussions between Jordan and Iraq come in the context of strengthening ties through economic cooperation, particularly in trade and industry sectors. Enhancing these relations is crucial for both nations, aiming at mutual economic benefits and increased investment opportunities. Signed agreements, such as the MoU, are critical steps toward establishing frameworks for ongoing collaboration across various sectors, bolstering both economies.

The recent discussions between Jordan and Iraq mark a significant advancement in their bilateral economic relations, highlighted by the signing of a key MoU. This collaboration aims to enhance commercial ties and investment opportunities while also focusing on infrastructure development. The initiative reflects both countries’ commitment to fostering economic integration and promoting regional stability.

Original Source: jordantimes.com

Marcus Thompson

Marcus Thompson is an influential reporter with nearly 14 years of experience covering economic trends and business stories. Originally starting his career in financial analysis, Marcus transitioned into journalism where he has made a name for himself through insightful and well-researched articles. His work often explores the broader implications of business developments on society, making him a valuable contributor to any news publication.

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