Iraq and Jordan agree to establish a joint industrial city to contribute to reconstruction

Iraq and Jordan agreed to establish a joint industrial city on the border between the two countries in order to increase trade exchange and support the establishment of joint projects between them and contribute to the reconstruction of Iraq.

The Jordanian and Iraqi sides met yesterday in separate meetings held between the Minister of Industry, Trade and Supply, the Minister of Industry and Minerals, the Minister of Industry and Minerals, and the Minister of Labor and Social Affairs of Iraq, Mohammed Shaia Al-Sudani in the Ministry's building and the second in the Chamber of Industry in Jordan. Of the industrial sector. "

The newspaper quoted the judges as saying that "there is agreement and understandings with the Iraqi side on the establishment of a joint industrial city on the border between the two countries," noting that "the objective of the establishment of a joint industrial city is to promote trade exchange between the two countries and to establish a nucleus and the core of the reconstruction process fully in Iraq and Achieve mutual benefit for all parties. "

The two sides also agreed to form a trade committee to follow up the implementation of the provisions of the free trade agreement signed between them which entered into force on 15/3/2013 and follow up any trade obstacles between the two countries.

The two sides also agreed on the speedy completion of the lists of Jordanian goods, which will be exempted from Iraqi customs duties imposed on Iraqi imports and by 30%, especially with the start of an Iraqi committee to visit Jordanian factories to see their production capacity.

As for the exemption of national goods from Iraqi fees, the judges pointed out that "an Iraqi committee began before Eid al-Adha field visits to Jordanian factories from different sectors to identify the production capacity for them."

The judges expected that "the Iraqi Commission will end the disclosure of Jordanian factories next week," pointing out that "there is consensus on the basic principles with the Iraqi side in this particular, the most important that the exemption does not include goods produced in Iraq and cover a large proportion of the needs of the market."

He explained that "the Iraqi industry, which does not cover a large proportion of the needs of the Iraqi market, the Iraqi authorities will consider the file exemption of these products fees based on the Commission's recommendation."

The judges urged Jordanian companies to "prepare and enter into strategic partnerships with the Iraqi side to participate in reconstruction projects," stressing that "Jordan views Iraq not as a market but as a strategic partner in all fields."

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