Industrial exports witnessed 8.7 per cent growth in first 10 months of 2019 — association

AMMAN — President of the Jordanian Exporters Association Omar Abu Wishah on Saturday stressed the necessity of focusing on increasing the competitiveness of Jordanian industrial exports to enhance their presence abroad, especially in the US and European markets in 2020.

Abu Wishah said in a statement that Jordanian industrial exports are the key to the Kingdom's economic growth, increasing production, providing more jobs for Jordanians, enhancing the Kingdom's reserves of foreign currencies and attracting new investments, the Jordan News Agency, Petra, reported.

He also highlighted the industrial sector's contribution to raising growth rates and stimulating related sectors, noting that it contributes approximately 25 per cent of the GDP.

The Kingdom's industrial exports increased during the last 10 months of 2019 by 8.7 per cent compared with the same period in the previous year.

The industrial sector's exports during the last 10 months of 2019 amounted to JD4.933 billion, compared with JD4.539 billion in the same period of 2018, he said.

Abu Wishah pointed out that the association will implement a number of activities and exhibitions in 2020 to promote national industrial products in various export markets.

He added that the activities will help national industrial imports overcome the challenges they currently face due to high production costs and the decline of their traditional markets resulting from political and security developments in the region.

He noted that the approval of the tax incentives system and the financial support system for industry, along with other incentives provided by the government to the sector, will contribute to enhancing the presence and competitiveness of national industry products in local and international markets.