ACC, Chinese business delegation discuss boosting investment, economic cooperation

AMMAN — The Amman Chamber of Commerce’s (ACC) board of directors on Sunday said they look forward to the Chinese investment projects in Jordan.

They pointed out that Chinese investors would be making the most of the various trade agreements that Jordan has signed with international economic entities, the Jordan News Agency, Petra, reported.

The board called on the head of the state administration for market regulation, Zhang Mao, and his accompanying delegation to invest in Jordan and set up factories in Aqaba and the Kingdom’s industrial and development zones.

ACC Chairman Khalil Haj Tawfiq also commended the strong bilateral relations between Jordan and China.

He pointed out that the volume of trade between the two countries reached JD2.1 billion last year, making China the Kingdom’s second-largest trade partner, Petra reported.

Zhang said that the Chinese investors in Jordan shared with the ACC their positive investment experience, according to the statement.

He expressed his desire to learn about Jordan’s experience with market regulation and related aspect such as standards and criteria, competition, consumer protection in addition to the monitoring and administration of e-commerce.

Zhang called on Jordanian companies in various sectors to invest in China, shedding light on the 27 departments, operating under the Chinese State Administration for Market Regulation, which have contributed to the enhancement of the investment environment in his country.

He also underscored the laws and regulations that help facilitate the investment process for both local and foreign investors.