Amman– Economists emphasized the importance of being present in the Syrian economic scene, considering it a strong and timely opportunity for Jordan due to the geographical proximity, historical and fraternal relations, and overlapping interests.
اضافة اعلان
They stressed the importance of developing and facilitating transportation processes between the two countries to reduce trade costs.
During a discussion session at the Jordanian Businessmen Association, they discussed how Jordan can benefit from commercial and investment opportunities in Syria, particularly in the reconstruction projects, which are estimated at approximately $300 billion.
They pointed out the need to activate Jordanian diplomacy and collaborate with influential countries to remove the "Caesar Law," which would allow Syria to quickly return to its regional environment.
They also called for activating the joint free zone, networking with other partners to benefit from reconstruction and building projects, examining import restrictions, targeting specific sectors, and enhancing cross-border trade, offering more facilitation, and improving tourism links.
The session, moderated by the Vice President of the association, Mohammad Al-Balbisi, also covered the opportunities Jordan can take advantage of in Syria, particularly in the reconstruction phase, especially in the construction and contracting sector, cement manufacturing, building materials, pharmaceuticals, organic compounds, information technology, and banking services.
It is worth noting that trade between the two countries dropped from 472 million dinars in 2011 to 129 million dinars in 2023 and reached 92 million dinars over the first 10 months of 2024.
Additionally, the head of the association, Hamdi Al-Tabbaa, stated that the current phase requires a "roadmap" to enhance economic, investment, and trade relations between Jordan and Syria.
He explained that trade is a lifeline for both countries and represents a vital link for Jordan's trade with European countries.
Al-Tabbaa also highlighted that the Jordanian business community is continuously seeking to build bridges of cooperation with Syria and strengthen economic, trade, and investment interests to achieve economic integration between the two countries, especially in light of the current geopolitical conditions in the region.
He added that there are significant economic opportunities for both countries that can be built upon and developed through activating meetings between the private sectors to foster economic, trade, and investment interests, and activating business councils with Syrian institutions and economic bodies to achieve mutual economic benefits.
He emphasized that the business community always supports the foreign policy of the Jordanian state.
Al-Tabbaa confirmed that Jordan has not closed its doors to its Syrian brothers and has attracted successful and high-quality investments in several industrial, commercial, and service sectors that have added value to the national economy.
He stressed the need for quick action and enhanced communication between the private sectors of the two countries.
.jpg)
.jpg)
