Jordan and UAE Strengthen Economic Cooperation Through Landmark ACC-ADCCI Agreement

 In a significant step toward bolstering economic ties between Jordan and the United Arab Emirates, the Amman Chamber of Commerce (ACC) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have signed a comprehensive cooperation agreement. This strategic partnership aims to enhance collaboration in trade, services, and investment, reflecting the shared commitment of both nations to economic growth and mutual prosperity.

Expanding Trade and Investment Opportunities

The agreement, signed by ACC Chairman Khalil Hajj Tawfiq and ADCCI Chairman Ahmed Jassim Za’abi, is designed to foster joint economic initiatives that benefit the commercial sectors of both nations. The key objectives include:

1. Information Sharing: Establishing channels for exchanging information on trade regulations, investment opportunities, and market dynamics.
2. Boosting Private Sector Collaboration: Encouraging businesses to explore joint ventures and investment opportunities to strengthen the economic partnership.
3. Facilitating Delegation Visits: Providing support and resources for trade and economic delegations, fostering direct engagement between business leaders.
4. Organizing Collaborative Events: Hosting seminars, conferences, and virtual meetings focused on trade and economic topics to expand awareness and opportunities.

Commitment to Deeper Economic Ties

During the signing ceremony, ACC Chairman Khalil Hajj Tawfiq emphasized the significance of the agreement, describing it as a “true and serious” milestone for enhancing bilateral trade and investment. He highlighted the deep “brotherly” relations between Jordan and the UAE and called on private sector leaders to take full advantage of this partnership.

“This agreement is a platform for both nations to strengthen their economic cooperation and leverage each other's strengths in the global market. It is a step toward shared prosperity, especially during challenging times for the global economy,” Hajj Tawfiq said.

He also acknowledged the role of Jordan’s Ambassador to the UAE, Nassar Habashneh, in facilitating and strengthening bilateral relations, particularly in the realms of trade and investment.

Benefits for Businesses in Jordan and the UAE

The agreement underscores the commitment of both chambers to creating a conducive environment for businesses to thrive. It prioritizes initiatives that align with global economic developments and the evolving needs of the business community.

Key areas of focus include:

• Infrastructure Development: Enhancing trade and logistics infrastructure to support seamless commerce between the two nations.
• Innovation and Technology: Promoting the use of advanced technologies to drive efficiency and innovation in trade and services.
• Workforce Development: Offering training and resources to equip the workforce with skills that align with the needs of the modern economy.

Looking Ahead

As the ACC and ADCCI move forward with this partnership, the focus will be on implementing the agreement’s objectives to drive tangible outcomes. Businesses in both Jordan and the UAE can expect increased opportunities for collaboration, streamlined access to new markets, and support for innovative projects.

The signing of this agreement marks a pivotal moment in Jordan-UAE relations, laying the groundwork for a future defined by economic resilience, innovation, and shared growth. It reflects the unwavering commitment of both nations to strengthen their economic foundations and unlock new possibilities for their citizens and businesses alike.

By leveraging their strong ties and focusing on strategic priorities, Jordan and the UAE are set to achieve new heights in their economic partnership, setting a benchmark for regional and international cooperation.