Egypt-Jordan trade records $587M in 2016: PM

CAIRO – 27 July 2017: Bilateral trade between Egypt and Jordan registered $587 million in 2016, Prime Minister Sherif Ismail said on Thursday.

During his speech in the Egyptian-Jordanian Higher Committee’s meeting, currently taking place in Amman, Ismail said that Jordanian investment in Cairo last year reached $526 million, while Egyptian investment in Jordan stood at $310 million.

Egypt and Jordan will set up a joint investment council to deepen strategic and economic relationship between both countries, Minister of International Cooperation and Investment Sahar Nasr said in a Thursday statement.

Nasr explained that the council will include Egyptian and Jordanian investors, proposing the establishment of Egyptian-Jordanian projects in the African markets to benefit from Cairo’s membership in the Common Market for Eastern and Southern Africa (COMESA).

The Egyptian-Jordanian Higher Committee is scheduled to sign seven agreements in the fields of investment, international cooperation, agriculture and tourism.