Halawani, Jena seek advanced Jordanian-Indian economic ties

Halawani, Jena seek advanced Jordanian-Indian economic ties
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Published July 10th, 2013 - 14:55 GMT via SyndiGate.info

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The trade volume between Jordan and India has currently exceeded JD1 billion
The trade volume between Jordan and India has currently exceeded JD1 billion
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Industry and Trade Minister Hatem Halawani on Tuesday held talks with India’s Minister of State for Chemicals and Fertilisers Srikanta Kumar Jena on ways to boost bilateral cooperation between the two countries.

Halawani and the Indian official, who is currently visiting the Kingdom, stressed the importance of joint efforts to increase economic cooperation between Jordan and India, mainly in the fields of trade and investments.

They underlined the role of the private sector in taking advantage of business opportunities available in the Kingdom and India as well as the need for updating the commercial agreement between them and working further on exchanging expertise on international trade.

They also underscored the significance of the meeting of the joint committee, scheduled to be held before the end of this year in order to activate economic cooperation.

In order to become further acquainted with India’s industrial experience and to benefit from it, a Jordanian delegation comprising representatives from small-and medium-sized industrial enterprises and pharmaceutical companies is scheduled to visit India after the holy month of Ramadan.

The trade volume between the Kingdom and India has currently exceeded JD1 billion, in accordance with official figures.

Also on Tuesday, Jordan Phosphate Mines Company (JPMC) Chairman Amer Majali received the Indian minister and the accompanying delegation.

During the meeting, attended by Halawani, India’s Ambassador in Amman Radha Ranjan Dash and other JPMC board members, the delegates were briefed on the developments of the country’s phosphate industry.

Majali asserted the strong partnership between the JPMC and India’s government, which has developed recently through the establishment of joint fertiliser projects.

Highlighting the JPMC expansion plans, he said the company seeks to increase its investment to meet the requirements of traditional as well as new markets.

India, one of the Kingdom’s main commercial partners, represents one of the biggest markets for Jordan’s fertiliser industry and it is a main importer of its phosphate and potash produce.

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