Jordan and Iraq Strengthen Economic Ties with MoU Signing

Jordan’s Minister of Industry, Trade, and Supply, Yarub Qudah, met with Iraqi Prime Minister Mohammed Sudani in Baghdad on February 3, 2025. The focus was on enhancing economic and commercial relations, developing joint projects like the economic city, and reviewing the Iraq Development Road initiative. A memorandum of understanding was signed to promote standardization and quality control between the two countries.

On February 3, 2025, Minister of Industry, Trade, and Supply, Mr. Yarub Qudah, met with Iraqi Prime Minister Mr. Mohammed Sudani in Baghdad. Their discussions revolved around enhancing bilateral relations within the economic and commercial sectors. This meeting occurred concurrently with the Jordanian-Iraqi Joint Trade Committee’s sessions, emphasizing industrial cooperation and commercial partnership development between the two nations.

The talks also included plans for developing a joint border economic city to facilitate economic integration, attract investment, and foster partnerships. Both officials reviewed advancements on the Iraq Development Road project, which highlights strategic elements designed for mutual benefits.

During the meeting, Mr. Qudah reiterated Jordan’s support for Iraq’s upcoming initiative to host the Arab Summit in Baghdad this year. Subsequently, the Joint Trade Committee concluded its sessions with the signing of a memorandum of understanding focusing on standardization and quality control between Mr. Qudah and Iraqi Minister of Trade Mr. Atheer Ghurairi.

Further discussions encompassed trade, industry, customs cooperation, and designating future contact points. The attendees agreed to arrange the next meeting session in due time. Mr. Qudah also engaged with various Iraqi ministers and officials to strengthen economic collaboration, attended the inauguration of the Baghdad International Fair, and participated in the Jordanian-Iraqi Business Forum the previous day.

The recent meeting between Jordan and Iraq aims to bolster their economic and commercial relations, a significant development given their historical ties and interdependence. Enhancing cooperation through trade, investment, and infrastructure projects, such as the Iraq Development Road, demonstrates their commitment to mutual economic benefits. The signing of a memorandum signals a formalized approach to ensuring quality standards and cooperation in multiple sectors, establishing a framework for future engagements.

In conclusion, the discussions between Jordan and Iraq signify a renewed commitment to strengthening economic ties and promoting bilateral cooperation. The establishment of the memorandum for standardization and quality control represents a pivotal step in enhancing commercial relations. Both nations are poised to benefit mutually from these initiatives, building a foundation for long-term partnership and development.

Original Source: jordantimes.com

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