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Gulf-Jordan forum urges boosting commercial, investment cooperation.

AMMAN, Sept 3 (KUNA) -- The Gulf-Jordanian Economic Forum culminated in the adoption of Amman statement on the promotion of commercial and investment cooperation between the GCC member states and the Kingdom of Jordan. The gathering, jointly organized by the Federation of Gulf Cooperation Council Chambers (FGCCC) and Jordan Chamber of Commerce (JCC) at Lu Royal Hotel, Amman, was opened by Jordanian Prime Minister Abdullah Ensour earlier Thursday. The joint statement calls for accelerating the negotiations on the free trade agreement between the two sides based on the principle of equitable treatment and intensifying the visit exchanges between businesspeople, and representatives of the chambers of commerce and industry from both sides. It recommends holding joint conferences and workshops to market the promising investment opportunities and facilitating red tape and tax regulations for launching joint ventures by individual and corporate investors from the private sectors. It also calls for launching a joint website for the FGCCC and the JCC to help publicize investment incentives and regulations, and guide investors to the promising opportunities in such areas as renewable energy, power grid and railway hookups, logistic services, education, information and communication technology, based on BOT system. The conferees highlighted the need to activate the roles of the FGCCC and the JCC in promoting awareness about tax, customs and administrative regulations, and standardizing the rules of countries of origin and commercial arbitration. They called on the banking sectors of both sides to set up a mechanism for increasing financing for SMEs in collaboration with the FGCCC and the JCC. The forum gathered more than 100 economic decision-makers, leading investors and industrialists from both sides. (pickup previous )

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Publication:Kuwait News Agency (KUNA)
Date:Sep 3, 2015
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