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Jordan and Iraq Strengthen Economic Ties through MoU Signing

Jordan and Iraq’s ministers discussed strengthening economic relations, focusing on trade and investment cooperation. The meeting resulted in a memorandum of understanding for standardization and quality control. Future sessions are planned for continuous collaboration in various economic sectors.

On February 3, 2025, in Baghdad, Jordan’s Minister of Industry, Trade, and Supply, Yarub Qudah, met with Iraqi Prime Minister Mohammed Sudani to strengthen economic and commercial relations between Jordan and Iraq. This meeting took place during the Jordanian-Iraqi Joint Trade Committee discussions, focusing on enhancing industrial cooperation and promoting investments in both countries.

Key topics included the development of the joint border economic city to facilitate economic integration and partnerships. The Iraq Development Road project was also reviewed, aiming to ensure mutual benefits through strategic planning and associated projects.

Minister Qudah expressed support for Iraq’s initiative to host the upcoming Arab Summit in Baghdad, highlighting Jordan’s commitment to fostering regional collaboration. Following this, the Jordanian-Iraqi Joint Trade Committee finalized its meetings by signing a memorandum of understanding on standardization and quality control between Qudah and Iraqi Minister of Trade, Atheer Ghurairi.

The discussions also encompassed areas of trade, industry, and customs, with both sides agreeing to propose the schedule for the next session. Additionally, Qudah engaged with several Iraqi officials, attended the Baghdad International Fair opening, and participated in the Jordanian-Iraqi Business Forum.

The meeting between Jordan and Iraq’s officials is part of a broader initiative to enhance bilateral trade and economic cooperation. The Joint Trade Committee serves as a platform to address business opportunities, trade standardization, infrastructure development, and investment projects that can benefit both nations. Interest in mutual partnerships is paramount, particularly in the context of high-level events like the Arab Summit.

The discussions culminated in the signing of an important memorandum aimed at standardizing and controlling quality in trade between Jordan and Iraq, reflecting a commitment to deeper economic integration. Future cooperation not only promises to stimulate investment but also strengthens political ties and regional stability through collaborative efforts.

Original Source: www.jordantimes.com

Nina Patel

Nina Patel has over 9 years of experience in editorial journalism, focusing on environment and sustainability. With a background in Environmental Science, she writes compelling pieces that highlight the challenges facing our planet. Her engaging narratives and meticulous research have led her to receive several prestigious awards, making her a trusted voice in environmental reporting within leading news outlets.

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