Egypt and Jordan Strengthen Economic Ties with 33% Increase in Bilateral Trade

The Egyptian government has taken significant steps to bolster its economic relations with Jordan, following a series of expert meetings in Amman. A 33% increase in bilateral trade volume to over $1 billion has been achieved in 2024, according to Egypt's Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat. The two countries have agreed to activate previously signed memoranda of understanding (MoUs) in various fields, including health, industrial zones, and small and medium-sized enterprises (SMEs).

Key Takeaways:

The Egyptian-Jordanian Higher Joint Committee, co-chaired by Egyptian Prime Minister Mostafa Madbouly and Jordanian Prime Minister Jafar Hassan, has been instrumental in strengthening economic ties between the two countries.
Bilateral trade volume has increased by 33% in 2024, exceeding $1 billion, reflecting the commitment between the two governments.
The two countries have reached numerous understandings on documents scheduled to be signed by the prime ministers, covering fields such as planning, investment, government procurement, and tourism.
A number of previously signed MoUs will be activated, including agreements on the establishment and management of industrial zones, cooperation between financial regulatory authorities, and cooperation in free zones and development zones.
Egypt's planning ministry oversees approximately 55 joint committees, including the Egyptian-Jordanian Higher Joint Committee.
In the field of civil aviation, an air transport agreement and an MoU were signed to increase capacity.
Technical committees and meetings will be held in areas including specifications and standards, consumer protection, and land and maritime transport.

Statistics:

Bilateral trade volume between Egypt and Jordan increased by 33% in 2024, reaching over $1 billion.
The two countries have signed agreements on the establishment and management of industrial zones, to be activated in the coming period.
Egypt has approximately 55 joint committees, including the Egyptian-Jordanian Higher Joint Committee.
The committee has reached understandings on documents scheduled to be signed by the prime ministers, covering fields such as planning, investment, government procurement, and tourism.

Sources:

A report by the Egyptian Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, on the expert meetings held in Amman.
A statement by the Egyptian Ministry of Planning, Economic Development and International Cooperation.