UAE-Jordan Trade Agreement to Substantially Increase Economic Cooperation
According to analysts, the UAE-Jordan trade deal will significantly heighten economic cooperation. The United Arab Emirates and Jordan have signed a landmark trade agreement this week that is expected to significantly boost bilateral trade between the two countries in the coming decade. In a step toward further consolidation of bilateral cooperation, President His Highness Sheikh Mohamed bin Zayed Al Nahyan of the UAE and King Abdullah II of Jordan were on hand Monday in Amman to witness the signing of the Comprehensive Economic Partnership Agreement, or CEPA, ministries reported. This was signed by UAE Minister of State for Foreign Trade Dr. Thani Al Zeyoudi and Jordan's Minister of Industry, Trade, and Supply Yarub Al Qudah. The CEPA increases cooperation across the key economic sectors and, according to both sides, the promises of more than doubling bilateral trade volumes between the UAE and Jordan. "Specifically aimed at bringing the current two-way trade volume of around...