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Al-Tabaa discusses with Indian Ambassador economic relations between the two countries
10/10/2019
 

The chairman of the Jordanian Businessmen Association HE Mr. Hamdi Al Tabbaa, met with the Indian Ambassador to the Kingdom, HE Mr. Anwar Halim, in order to strengthening economic, trade and investment relations between Jordan and India.

During the meeting, Al-Tabaa stressed that the private sector relations between the two sides are constantly developing and that the association is continuously seeking to establish real Jordanian-Indian partnerships in sectors of common interest, especially in the field of tourism, film industry and information technology. He pointed that Jordan and India have long-term economic ties.

For his part, the Ambassador stressed that Jordan enjoys a strategic location in the region and that there is interest from investors in India in the Jordanian economy, especially in the field of industries related to potash, phosphate and information technology, stressing that the Indian private sector is looking for real partnerships in all sectors.

The Ambassador also pointed out that India has achieved a significant development in the field of information revolution as this important area will occupy about 50% of global GDP in the next ten years. He pointed out that there are many successful Indian companies, especially small and medium-sized companies that are looking to increase their investments.

It is worth mentioning that the volume of trade exchange between the two countries amounted to about 1,253 million dollars in 2018, where the value of Jordanian exports to India amounted to 685.2 million dollars concentrated in fertilizers, inorganic chemicals, salt and sulfur, while the value of Jordanian imports from India amounted to 567.7 million dollars concentrated in mineral fuels, mineral oils and grains. Where trade with India accounts for 4.5% of Jordan's total trade with the rest of the world.