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EDC Signs Deal with Jordanian Corporation to Boost Bilateral Trade.

Summary: DUBAI - The Dubai Export Development Corporation, or EDC, has signed a Memorandum of Understanding, or MoU with the Jordanian Enterprise Development Corporation, or JEDC, to create strategic alliances and to strengthen opportunities for local and regional exports between the United Arab Emirates and Jordan.

The MoU between the two organisations is aimed at supporting the Middle East economy and to look for alternative markets across the world during the current financial crisis.

This initiative seeks to establish a framework of finding solutions to enter and promote products from the UAE and Jordan to other regions, says a Press statement on Saturday.

Engineer Saed Al Awadi, Chief Executive Officer of EDC, and Engineer Yaroub Qudah, CEO of JEDC, signed the MoU on behalf of their respective organisations. Aa The MoU will define areas of cooperation including trade development, country-specific projects, export opportunities, exhibition participation and training activities, the statement said.

"Our MoU with the Jordanian Corporation will open direct channels linking the two nations and eventually support trade opportunities. We are working on opening a direct communication involving the Emirati and Jordanian businessmen across various sectors," said Al Awadi.

"Through the MoU, we will organise a series of meetings for both countries hoping to collaborate promotional plans to introduce our products to Jordan and vice-versa. We believe that the solution to this current crisis lies with the continuous cooperation of Arabic countries," he added.

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Publication:Khaleej Times (Dubai, United Arab Emirates)
Date:Apr 13, 2009
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