A three year old drive for economic integration between Syria and Jordan has taken a further step forward this week (2 August) when the Prime Ministers and several cabinet ministers of the two countries met in Damascus.
A three year old drive for economic integration between Syria and Jordan has taken a further step forward this week (2 August) when the Prime Ministers and several cabinet ministers of the two countries met in Damascus. The Syrian-Jordanian Higher Committee of the ministers aims to encourage joint industrial development and to promote investment from foreign sources.
SYNOPSIS: The visit to Damascus by the Jordanian Prime Minister Mr. Mudar Bardran and his ministers signifies his firm intensions to weld the plans for economic integration with Syria. Recently the two countries have not been in full accord in the political field. Earlier this year Syria opposed a Jordanian plan for an Arab summit meeting over an agreed peace with Israel if it meant meeting with Egypt's President Sadat. But Jordan's recent low profile on the issue has allowed progress in the economic field.
The two countries propose an extensive range of measures to link their economic futures. Both Prime Minister Badran and his Syrian counterpart Mr. Mohammed Ali Al-Halabi believe their countries can provide attractive manufacturing and assembly sites in the heart of the Middle East.
One proposal considered by the ministers, meeting under the dual chairmanship of the Prime Ministers, is the establishment of a joint industrial holding company with a capital of about thirty+million pounds (sixty million dollars). The company would establish a series of manufacturing plants in both countries. Meanwhile a joint Jordanian-Syrian free zone being established has already attracted significant overseas interest.