Amman, July 25 – Amman Chamber of Commerce (ACC) and West London
Chambers of Commerce signed a memorandum of understanding (MoU) to
enhance economic, trade, and investment cooperation between the
business communities of Jordan and the United Kingdom.

The agreement aims to expand direct communication channels between
Jordanian and British companies, which would develop new partnerships
and joint ventures.

According to an ACC statement issued Saturday, the memo was signed by
its Chairman, Senator Khalil Haj Tawfiq, and the West London
Chambers’ Chief Executive Officer, Alan Rides.

The signing ceremony was attended by the Minister of Industry, Trade
and Supply, Ya’rub Qudah, and the Minister of Investment, Dr. Tariq
Abu-Ghazaleh, on the sidelines of the Jordanian-British Business
Forum held in London.

Talking at the ceremony, Haj Tawfiq stated the MoU signed during the
forum, which was attended by His Majesty King Abdullah II, reflects
the commitment to turning the “distinguished” Jordanian-British
relations into “feasible and direct” economic partnerships between
the two countries’ private sectors.

Haj Tawfiq noted the MoU also aims to capitalize on available
opportunities to increase trade and investment and expand cooperation
in sectors of mutual interest.

He stated ACC views the memo “not merely as a protocol framework,
but as an institutional action plan that should lead to tangible
results,” adding that this process seeks to increase communication
between companies, exchange trade delegations, organize business
meetings, promote investment opportunities, and open new channels for
Jordanian products and services in the British market.

Noting the importance of the British market for the Jordanian private
sector, he said steps to strengthen direct communication between
business owners in both countries would contribute to exploring fresh
opportunities in trade, services, and investment, as well as
facilitating knowledge and technology transfer and the exchange of
expertise.

He said Jordan has “significant competitive priviliges, a
sophisticated business environment, and a strategic location that
qualifies it to be a platform for British companies seeking access to
regional markets.”

He called for broadening the British business community’s awareness
of the opportunities the Kingdom offers across various economic
sectors.

As for the next phase, he said the challenge lies in translating the
momentum generated by the forum and His Majesty the King’s meetings
with British business leaders and investors into “actionable”
opportunities, projects, and partnerships, within “institutional”
mechanisms that ensure follow-up, continuity, and achievement of
practical results.

Under the memo, the two sides will cooperate, in coordination with
partners in the Jordanian and British private sectors, to establish a
joint business council representing various economic sectors.

This effort aims to strengthen trade and investment relations,
increase exports of goods and services, and support establishment of
partnerships between members and the business communities on both
sides.

//Petra// AG More…