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Jordan, Iraq discuss establishment of free trade area
Published in Saudi Press Agency on 31 - 05 - 2007


Jordanian Minister of Trade and Industry Salem
Khazaleh and his Iraqi counterpart Falah al-Sudani on Thursday began
negotiations to establish a free trade zone between the two
countries, according to dpa.
The move was one of several steps the two countries discussed to
boost bilateral and economic cooperation and to remove obstacles that
still hinder the restoration of trade to the pre-2003 level,
according to an official statement.
"We look forward to building up special economic ties with Iraq in
all spheres, especially as Iraq remained for a long period of time as
Jordan's trade partner number one," Khazaleh said.
He cited the "difficult times" Iraq has witnessed since the US-led
invasion in 2003 as the main reason behind the decline of trade
between the two countries.
The Jordanian minister urged the Iraqi government to pay for
Jordanian goods that were exported to Iraq before and after 1992
outside a Jordanian-Iraqi protocol with the former regime of
President Saddam Hussein.
Al-Sudani promised to remove all impediments that have blocked the
restoration of normal trade ties between Iraq and Jordan, the
statement said.
He said an Iraqi technical team would be visiting Jordan in June
to "settle all outstanding issues" between the two countries.
"Lack of security on the highway between Iraq and Jordan had
affected the volume of trade with Jordan," al-Sudani said.
"Accordingly, the implementation of a protocol that was signed last
year for supplying Jordan with part of its energy needs is being
shelved until security was ensured for overland transport."


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