The trade and industry ministers of Egypt, Jordan and Iraq have agreed to commence actual steps of implementing commercial and industrial integration among the three Arab countries. Accordingly, Egypt will begin in a few days an operation to overhaul Iraq’s factories and assess investment opportunities in cooperation with Jordan, the purpose being to fulfil the Iraqi market's needs, the cabinet said on Thursday.
During the virtual meeting held on Thursday, the three ministers agreed to send an Egyptian technical team to Iraq within the coming few days, with the participation of the Jordanian embassy in Baghdad, to assess Iraqi factories and find out the needs of the Iraqi market and the potential investment opportunities in the country, reports Xinhua news agency.
Egyptian Trade and Industry Minister Nevine Gamea stated that the meeting came as a result of the visit of the Jordanian and Iraqi ministers to Egypt earlier this month, where they discussed implementation of a number of joint projects in the fields of trade and industry.
Gamea noted that the targeted sectors of joint cooperation include pharmaceutical, chemical, petrochemical, leather and ceramics industries, besides studying the establishment of a permanent exhibition for Egyptian and Jordanian products in the Iraqi capital.
For her part, Jordanian Minister of Industry, Trade and Supply Maha Ali stressed the significance of electronic linkage between the customs authorities of the three countries to facilitate the process of trade exchange among them.