Morocco, Jordan Consolidate Economic Ties with Joint Business Council

Mohamed Bachiri (right) and Hamdi At-Tabaa (left) at the Morocco-Jordanian Investment Forum in Amman, on January 13, 2020. Photo credit: MAP

Rabat – Morocco’s General Confederation of Moroccan Enterprises (CGEM) has signed a convention that aims to ensure cooperation between Moroccan and Jordanian businesses and includes several recommendations.

CGEM’s president, Mohamed Bachiri, and the president of the Jordanian Businessmen’s Association, Hamdi At-Tabaa, signed the convention on Monday, January 13, in the Jordanian capital Amman, at the Morocco-Jordanian Investment Forum.

The participants called for setting up sectoral committees within the joint Morocco-Jordanian business council in order to assess economic and trade relations and to promote bilateral cooperation.

The businessmen pledged to study investment opportunities in the two countries with a view to exploiting the agreements linking Morocco to Jordan.

The entrepreneurs also suggested setting up an entrepreneurial platform that would bring together businessmen from all over the Arab world, through the Union of Arab Businessmen and the Union of Arab Banks. The platform would also connect emerging companies with each other.

Other recommendations included the abolition of visa requirements between the two Kingdoms to boost bilateral relations and facilitate the movement of Moroccan and Jordanian businessmen.

Studying cooperation opportunities in the fields of information technology and digital economy, in order to increase the flow of information services between the two countries, and forming a special committee to increase agricultural trade between the two countries also appeared among the recommendations.

At the end of the meeting, the different parties agreed to set up a joint committee bringing together the Professional Association of Moroccan Banks (GPBM) and its Jordanian counterpart to do the follow-up concerning the recommendations presented during the forum.

The organizers decided to hold a second session of the Morocco-Jordanian Investment Forum during the third quarter of 2020.

According to data presented at the forum, the value of bilateral trade reached $31 million in 2018.

The event included several workshops and conferences, focusing on tourism, transport, agriculture, baking, information technologies, real estate, among other economic sectors.

In addition to the business to business (B2B) meetings, the participants made visits to several industrial sites near the Jordanian capital.

A large delegation of businessmen from Morocco and Jordan took part in the event and held meetings with their Jordanian counterparts.