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24/ Jordan, India: A history of solid relations with broad prospects of economic partnership
Amman, Dec 15 (Petra) – Indian Prime Minister Narendra Modi began a working trip to Jordan, part of deep-rooted relations His Majesty King Abdullah II was keen to enhance with countries across the world, that are based on based on trust, cooperation, and respect. The visit embodies the close relations between Amman and New Delhi and a common vision by the two countries' leadership to build partnerships across many sectors and take cooperation to broader levels, particularly in economic and investment, as well as address regional issues of common interest. Talks will explore prospects for enhanced bilateral cooperation and new areas of partnership that serve mutual growth and prosperity, especially in medical technology, AI, and digital technology fields, according to the Indian Embassy in Amman. Jordan Chamber of Commerce will host a Jordanian-Indian Business Forum on Tuesday, with a view to cementing economic and trade relations. It features presentations on business initiatives and cooperation plans from the Ministry of Investment and Invest India, as well as a series of specialized sectoral sessions on such vital sectors as healthcare and pharmaceuticals, information and communication technology, financial services, and chemical and fertilizer industries. The forum is a key venue to exchange expertise, explore investment opportunities, and foster partnerships between business leaders and institutions in both nations. A report by the Ministry of Industry, Trade and Supply on relations mentions a number of agreements and memoranda of understanding, including a trade and economic agreement signed between the two countries' governments on July 18, 1963, a memo between the Jordanian Minister of Industry and Trade and the Indian Minister of Industry on economic and industrial cooperation, inked on October 18, 1977, and an agreement on economic and trade Cooperation signed on July 5, 2017, which replaced a similar deal signed in 1976. Concerning the Jordanian-Indian Joint Committee for Trade and Economy (TEJC), the two sides signed a revised agreement to bolster and diversify trade and promote investments based on the principles of equality and non-discrimination. In addition, business associations from both countries met and tackled a roadmap for enhanced trade and investment through a B2B (Business-to-Business) mechanism. The two sides are preparing to hold a meeting of the Joint Committee next year. The value of Jordanian exports to India reached approximately JD990 million in 2024, compared to JD1,221.2 million in 2023, a drop of 18.9 percent. Jordanian imports from India were at JD660 million in 2024, compared to JD1,098 million in 2023, 39.9 percent down, according to an Amman Chamber of Commerce report. From January to September 2025, Jordanian exports to India were at about JD859.2 million, with a 27% increase from the same period in 2024. Imports, on the other hand, were at JD374.3 million, 28% down from the same period in the previous year. Jordan has untapped export opportunities to India, including phosphates and fertilizers, pharmaceuticals, food products, such as olive oil and dates, Dead Sea products, chemical products, and jewelry and precious stones. Cothing and accessories, chemical fertilizers, pharmaceuticals, potash and phosphate products, inorganic chemicals, soaps and detergents, machinery and equipment, and related industrial goods were a bulk in Jordanian exports to India in 2024. Imports from India last year included machinery, vehicles, electrical equipment, mineral fuels (especially diesel oil), pharmaceuticals, foodstuffs (including cereals, flour products, sugar and its derivatives), chemicals (organic and inorganic), plastics, iron and steel, textiles (knitted/spun fabrics), coffee, tea and spices, salt and sulfur, essential oils, cardboard, and ceramics, the statistics showed. //Petra//SS
15/12/2025 15:59:05
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