The Jordanian Businessmen Association (JBA) held discussions with the Economic and Commercial Attaché at the Spanish Embassy in Jordan, Victor Suanzes to explore avenues for enhancing economic, trade, and investment cooperation between Jordan and Spain.
According to a statement issued by the association on Monday, JBA Board Member Michel Nazzal underscored the importance of strengthening economic ties by reactivating the Jordanian-Spanish Business Council. He highlighted that the council plays a key role in fostering trade and investment collaboration, facilitating coordination between the private sector and business communities, and supporting Spanish investment in Jordan’s promising economic sectors.
Nazzal called for increasing bilateral trade volume and enhancing Jordanian exports to Spain, noting that Jordanian products enjoy strong market acceptance. He emphasized the need to capitalize on untapped export opportunities, particularly in the pharmaceutical, textile, and mineral sectors, including potash, phosphate, and copper. Additionally, he stressed the importance of boosting Spanish tourism to Jordan, promoting archaeological, religious, and medical tourism, and strengthening international tourism cooperation between the two countries.
For his part, Suanzes welcomed the reactivation of the Jordanian-Spanish Business Council, acknowledging its significant role in advancing economic and trade relations. He highlighted the importance of increasing bilateral trade, noting that Jordan’s free trade agreements facilitate trade flows between the two nations.
He also emphasized the need to support joint investment projects and promote development opportunities through increased engagement between Jordanian and Spanish business communities.
Trade exchange between Jordan and Spain reached approximately $460 million in 2023, compared to $465 million in 2022.
