Amman Chamber of Commerce hosts Philippine trade mission to strengthen ties
The Amman Chamber of Commerce hosts a Philippine trade delegation on Tuesday, comprising 13 companies from various sectors, to explore opportunities for enhancing trade exchange between Jordan and the Philippines (Petra photo)
AMMAN — The Amman Chamber of Commerce (ACC) hosted a Philippine trade delegation on Tuesday, comprising 13 companies from various sectors, to explore opportunities for enhancing trade exchange between Jordan and the Philippines.
The mission is organised by the Philippine embassy and the Export Marketing Bureau under the Philippine Department of Trade and Industry, the delegation held meetings with Jordanian importers, traders, distributors, and exporters, the Jordan News Agency, Petra, reported.The participating companies represent a range of industries, including food and cosmetics, as well as products such as natural juices, jams, fresh and frozen fruits and vegetables, ice cream, snacks, spices, pickles, biscuits, seafood and skincare products.
ACC First Vice President Nabil Khatib emphasised that the mission aims to open new aspects for trade exchange, introduce national markets to Philippine products, and highlight national products to Filipino investors.
He noted that such missions contribute to creating investment opportunities in key sectors, fostering knowledge exchange, and enhancing competitiveness in global markets.
Khatib underscored the economic significance of the visit, pointing out that trade exchanges between the kingdom and Philippines amounted to $10 million over the first 11 months of last year.
He expressed optimism that the meetings would boost bilateral trade, encourage partnerships and expand market access for suppliers and exporters from both countries.
Philippine Ambassador to Jordan Wilfredo C. Santos described the mission as an opportunity to broaden trade cooperation, open new markets and strengthen investment ties.
He reaffirmed the Philippines' commitment to deepening economic relations with the kingdom, noting that the delegation included officials from the Philippine Department of Agriculture, the Department of Trade and Industry and the Philippine Trade and Investment Centre in Dubai.Head of the Promotion Department at the Ministry of Investment Tamara Kaabar, delivered a presentation on Jordan's investment potential, highlighting the country's strong export capabilities, access to major markets and the advantages offered under the Investment Environment Law.She emphasised Jordan's strategic location, which grants access to over 1.5 billion consumers in key markets such as the US, the European Union, the United Kingdom, and the Arab region through its extensive free trade agreements.Kaabar also outlined the facilities and incentives provided by the Jordanian government to attract foreign investors, urging Philippine companies to engage with the Ministry of Investment to explore available opportunities and procedures for establishing business ventures in the Kingdom.
ACC Director General Ghaleb Hijazi provided an overview of the chamber's services, highlighting its role in facilitating cooperation between local businesses and international trade partners to promote Jordan as an attractive investment destination.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Jordan News
11 hours ago
- Jordan News
21-Carat Gold Priced at JD 68.3 in the Local Market - Jordan News
21-Carat Gold Priced at JD 68.3 in the Local Market The selling price of one gram of 21-carat gold, the most in-demand among citizens, reached JD 68.30 in the local market today, Saturday, while the buying price stood at JD 66.30 at jewelry shops. اضافة اعلان The selling prices of gold per gram for other carats were as follows: 24-carat: JD 78.40 18-carat: JD 60.70 14-carat: JD 46.10 The price of a 7-gram Rashadi gold coin was JD 477, and the 8-gram English gold coin was priced at JD 545. Head of the General Syndicate of Owners of Jewelry and Goldsmiths Shops, Mr. Rabhi Allan, told the Jordan News Agency (Petra) that demand for gold in the local market is fluctuating between weak and moderate. However, he expects improvement in demand for gold jewelry during upcoming occasions and celebrations. He added that the yellow metal closed its weekly trading on the global market on Friday at USD 3,368 per ounce. — (Petra)
Jordan News
11 hours ago
- Jordan News
Mobile Licensing Unit in Barqash Municipality, Irbid, Tomorrow - Jordan News
Mobile Licensing Unit in Barqash Municipality, Irbid, Tomorrow The Drivers and Vehicles Licensing Department, in cooperation with Barqash Municipality in Irbid, will provide mobile licensing services under the innovative initiative 'We Come to You' (Binsollak), starting tomorrow, Sunday, and continuing through next Wednesday. اضافة اعلان Mayor Khaled Al-Faqih told the Jordan News Agency (Petra) on Saturday that the mobile licensing unit will be stationed at the Prince Hussein Hall, affiliated with the municipality, from 8:00 a.m. to 2:00 p.m., offering full licensing services to drivers and their vehicles in the area. He explained that this service is part of a joint effort between the municipality and the Public Security Directorate, represented by the Drivers and Vehicles Licensing Department, to ease procedures for citizens and reduce their burden. He noted that services will include issuing and renewing driver's licenses and vehicle registrations, payment of fees, and immediate issuance of documents. He praised the department's efforts in providing this service, which saves citizens both time and effort. — (Petra)
Jordan News
2 days ago
- Jordan News
Central Bank: Interest Rates Remain Unchanged - Jordan News
The Open Market Operations Committee of the Central Bank of Jordan held its fourth meeting for the year 2025, during which it assessed local economic, monetary, and banking developments, as well as regional and international economic conditions and the potential impact of ongoing geopolitical tensions on the Jordanian economy. اضافة اعلان Based on its review, the committee decided to maintain the current interest rates on monetary policy instruments without any change. The committee emphasized the Central Bank's ongoing close monitoring of all developments and reaffirmed its commitment to applying monetary and banking policies and procedures that ensure monetary stability and the soundness of the banking sector, thereby supporting overall macroeconomic stability. Macroeconomic indicators reflected the strength and resilience of Jordan's economic and monetary performance. The Central Bank's foreign reserves stood at USD 22.8 billion at the end of May 2025, sufficient to cover 8.8 months of the Kingdom's imports of goods and services. Inflation rates were also contained, remaining close to 2% during the first five months of the year. Banking sector indicators also showed strength, with a solid capital base and high-quality investment portfolios. Total customer deposits rose by 6.8% year-on-year to reach JOD 47.3 billion by the end of April 2025. Credit facilities extended by banks also grew by 3.4% year-on-year, reaching approximately JOD 35.2 billion. The external sector showed positive developments as well. Total exports recorded a significant growth of 11.6% in the first quarter of 2025, reaching USD 3.3 billion. Tourism revenue rose by 15.7% in the first five months of the year, totaling USD 3.1 billion. Additionally, remittances from Jordanians abroad increased by 3.0% in the first four months, amounting to USD 1.2 billion.
