JIC, stakeholders sign agreement to streamline production functions

AMMAN — The Jordan Investment Commission (JIC) and stakeholders on Tuesday agreed to complete 50 production functions that had been referred to the production equivalence committee within the next two weeks. 

The agreement was reached during a meeting held by the JIC in the presence of representatives from the Ministry of Industry, Trade and supply, the Jordan Customs Department, the Income and Sales Tax Department and the Aqaba Special Economic Zone Authority, according to a JIC statement. 

JIC Chairman Khaled Wazani highlighted the importance of unifying all committees into one under the name of the national production functions committee, which will be directly affiliated with the Ministry of Industry, Trade and Supply.  

The panel will automate all procedures in a way that enables investors to provide production functions electronically, in order to save time and effort.

Participants in the meeting also agreed to form an ad-hoc technical committee comprising of specialists from concerned institutions to amend all regulations and by-laws related to production functions within one week, before referring their amendments to the Prime Ministry for endorsement. 

Wazani said that the JIC and other public partners will work together to find efficient and effective solutions to all issues and challenges facing investors, in a way that guarantees providing high-quality services in a short time.