Increasing industry exports to global markets ‘top’ priority-ACI

Head of Amman Chamber of Industry (ACI), Fathi Jaghbir, said the next stage will “greatly” focus on increasing share of Jordanian industrial products in global markets, especially non-traditional destinations, stressing that “this goal will be a top priority.”

In an interview with “Petra,” Jaghbir noted future efforts will focus on markets of European countries, Latin America and East Asia, to increase commodity-based and geographical diversification of the industry and reduce its reliance on traditional markets.

This goal will be achieved by intensifying efforts to find new markets and develop industrial products, he noted.

ACI Board of Directors will work to unify the industrial voice to face the sector’s challenges and team up with various stakeholders to overcome the obstacles and difficulties facing industrial companies’ operations, he said.

On the ACI’s future plans, he said the chamber will seek to enhance the industrial sector’s competitiveness and raise employment rates through a comprehensive strategy aimed at advancing industrial development and improving the business environment through action plans, which are consistent with Economic Modernization Vision’s objectives.

The next stage will see steps to reduce production costs, protect the national product, increase and diversify exports in commodities and geography, raise the number of manpower and operating rates, provide financing and grants, and empower industry chambers, he said.

On the most pressing issues facing the industry, Jaghbir said: “Despite the great and distinguished contributions made by the industrial sector, it has not yet reached its full potential, whether in terms of production or even export.”

SOURCE: JORDAN NEWS AGENCY