Amman, Oct. 20 (Petra) – Minister of Industry, Trade and Supply Yarub Qudah said that the Economic Modernization Vision provides an integrated framework for advancing the economy and boosting growth.

Qudah told the Jordan News Agency (Petra) that the Ministry has completed several strategic projects and initiatives under the Vision’s executive program, including the new industrial policy, export strategy, and trade policy.

He added that work is underway to finalize projects related to e-commerce, both to stimulate and regulate the sector, noting that an e-commerce system will be completed before the end of this year.

He emphasized that these projects were prepared in full partnership with the private sector, which chairs the sectoral committees, underscoring its vital role in driving economic development.

Qudah said that economic indicators during the first nine months of 2025 reflect the resilience of the national economy, noting a growth rate of 2.8 percent during the first half of the year, exceeding the projected 2.2 percent.

He added that national exports rose by 8.5 percent during the first eight months of 2025, mostly industrial exports, reflecting diversified products and expanded market access.

He noted that Jordan is working to establish new export markets, particularly in Africa, with ongoing negotiations with Rwanda for a trade preference agreement to open African markets, and another agreement planned with Kazakhstan to expand access to new Asian markets.

Qudah said domestic exports to Syria increased by more than 400 percent during the first half of 2025, driven by efforts to boost intra-trade and activate the Jordanian-Syrian Joint Free Zone, which recorded a 100 percent rise in investment.

He added that efforts are also underway to increase exports to Arab markets, particularly Iraq, and to European markets by simplifying rules of origin. Cargo handling at the Port of Aqaba rose by 33 percent, he noted.

Qudah highlighted that the Industrial Support Fund has benefited 631 companies so far, with JD65 million allocated over the past year and a half to strengthen the industrial sector.

//Petra// NQ
20/10/2025 16:45:40