Egyptian-Jordanian ministerial committee convenes in Amman

CAIRO, July 26 (MENA) - The Egyptian-Jordanian ministerial committee started meetings in the Jordanian capital Amman on Wednesday under Egyptian Investment and International Cooperation Minister Sahar Nasr and Jordanian Minister of Industry, Trade and Supply Yaroub Qudah.

Egyptian Ambassador in Amman Tarek Adel also attended the meetings.

Nasr said the meeting aims at preparing for the Egyptian-Jordanian Higher Committee to be held on Thursday under Egyptian Prime Minister Sherif Ismail and his Jordanian counterpart Hani Mulki, according to a statement issued by the Investment Ministry on Wednesday.

This comes within the framework of both countries' keenness on enhancing ties in various fields as the higher committee is considered an important forum for promoting dialogue and bolstering economic and investment relations at the government and private levels to achieve economic development, Nasr underlined.

She further said that the committee reached many agreements that contribute to creating a suitable atmosphere for joint investments, adding that the premiers of both countries will witness the inking of these agreements during the higher committee meeting.

The minister said Egypt is now implementing an ambitious economic program, adding that one of the most important axes of this program is to improve investment atmosphere and enhance partnership between public and private sectors via issuing new legislation such as the new investment law.

The volume of direct Jordanian investments in Egypt reached more than half billion dollars via 1,704 firms working in the fields of industry, services, financing, tourism, agriculture and information technology, Nasr underscored.

The committee decided to organize an annual exhibition for selling Egyptian products in Jordan and a Jordanian one in Egypt with a total cost of one million dollars for each.