Jordan and Iraq Strengthen Economic Ties Through MoU Signing
On February 3, 2025, Jordan’s Minister Yarub Qudah met with Iraqi Prime Minister Mohammed Sudani in Baghdad to discuss economic cooperation. They focused on joint projects, including a border economic city and the Iraq Development Road. An agreement was signed to enhance standardization and cooperation between the nations.
In a significant meeting held in Baghdad, Jordan’s Minister of Industry, Trade, and Supply, Yarub Qudah, met with Iraqi Prime Minister Mohammed Sudani to enhance bilateral relations in the economic and commercial sectors. The discussions occurred during the Jordanian-Iraqi Joint Trade Committee meetings, emphasizing the advancement of industrial and commercial cooperation between the nations.
The leaders addressed the development of a joint border economic city, which aims to foster economic integration, stimulate investment, and strengthen partnerships. Furthermore, they reviewed progress on the Iraq Development Road project, identifying its strategic components and associated projects beneficial for both countries.
During the meeting, Qudah expressed support for Iraq’s initiative to host the upcoming Arab Summit in Baghdad later this year. The Joint Trade Committee concluded its sessions by signing a memorandum of understanding regarding standardization and quality control between Qudah and Iraqi Minister of Trade Atheer Ghurairi.
The discussions also encompassed cooperation in trade, industry, customs, and contact points, with plans to schedule future meetings. Additionally, Qudah met with various Iraqi ministers and officials to facilitate economic cooperation, participated in the opening of the Baghdad International Fair, and engaged in the Jordanian-Iraqi Business Forum.
The bilateral relations between Jordan and Iraq have been historically significant, particularly in the realms of trade and commerce. Recently, there has been a concerted effort to strengthen these ties further by creating economic frameworks that will benefit both nations. The establishment of initiatives like the joint border economic city and the Iraq Development Road project illustrates a commitment to enhancing economic partnerships and addressing mutual interests.
The meeting between Jordan’s Minister of Industry, Trade, and Supply and Iraqi Prime Minister marked a vital step in enhancing economic cooperation between the two countries. The signing of the memorandum of understanding and the focus on joint projects reinforces their commitment to fostering partnerships that will lead to mutual gains. The strengthening of bilateral relations is essential for economic prosperity in the region.
Original Source: jordantimes.com
