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Egypt, Jordan, Iraq ink MoU to boost tripartite industrial integration
10 November 2021  -  Organization :  -  Sector/Entity :  -  Category : Industry News

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The three-year deal comes according to President Abdel-Fattah al-Sisi’s directives and as an outcome of the tripartite summit held in Amman last year.

Cairo- Nov 10, 2021

The Ministry of Trade and Industry has hosted the signing ceremony of a Memorandum of Understanding (MoU) to strengthen cooperation in the field of industrial integration between Egypt, Jordan and Iraq.

The MoU was signed by Egyptian Minister of Trade and Industry Nevine Gamea, Jordanian Minister of Industry Trade and Supply Yousef Alshamali, and yet to be signed by Iraqi Minister of Industry and Minerals Manhal Al-Khabbaz.

“The renewable three-year agreement comes according to President Abdel-Fattah al-Sisi’s directives yesterday during his meeting with Jordan’s Crown Prince Hussein bin Abdullah II,  and as an outcome of the tripartite summit held in Amman last year,” Gamea said.

She explained that, under the agreement, the three countries will establish a coordination and follow-up committee, to prepare and implement plans and mechanisms to enhance industrial and commercial integration.

The minister noted that it would also facilitate the establishment of joint industrial projects between the three countries, by setting up mechanisms and coordinating industrial policies to promote integration in the sectors of common interest, including: chemicals, fertilizers, agricultural pesticides, garments, ceramics, leather, and human and veterinary medicines.

The deal, she further added, stipulates cooperation between the three nations in the fields of exhibitions and non-customs technical obstacles.

For his part, al-Shamali, stressed that the accord would contribute to achieving a qualitative leap in relations between the countries of Egypt, Jordan and Iraq.

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