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Jordanian businessmen association discusses strengthen Jordanian-Italian business ties

The Jordanian Businessmen Association (JBA) discussed with members of the Italian trade mission in Amman means of boosting trade and investment relations. In a meeting, the two sides tackled investment opportunities and prospects of joint cooperation in the private sector, as well as key economic sectors of mutual interest.

JBA President Hamdi Tabbaa underlined the need for a strategy to boost investments, and increase the volume of trade exchange between the two countries, pointing to several promising sectors with added value, notably information technology, education and tourism.

Filippo Cofino, head of the Italian mission, described the Jordanian-Italian relations as "unique," highlighting his country's support for the Jordanian economy. He affirmed that the Italian private sector is keen on increasing investments in the Kingdom, stressing the need to address the obstacles that hinder raising the trade volume between the two countries.

During the meeting, Cofino pointed to the Italian trade mission's role in enhancing ties between Italy and other world countries, through providing information, support, consultancy and services to both Italian and foreign companies.

It is worth mentioning that the volume of trade exchange between the two countries amounted to about 665 million dollars in 2018, where the value of Jordanian exports to Italy amounted to about 37 million dollars concentrated in aluminum products and plastic fertilizers, while the value of Jordanian imports from Italy amounted to about 628 million dollars concentrated in machinery, mechanical devices and pharmaceutical products.