🇰🇿🇯🇴 Port of Aqaba to Become Key Hub for Kazakh Exports

 

 The fifth meeting of the Kazakhstan-Jordan Intergovernmental Commission on Trade, Economic, and Cultural-Humanitarian Cooperation was held in Amman. The event was chaired by Nurlan Baibazarov, Deputy Prime Minister and Minister of National Economy of Kazakhstan, and Yarub Al-Qudah, Jordan's Minister of Industry, Trade, and Supply.

 During the meeting, the parties discussed expanding cooperation in key areas such as trade, investment, agriculture, energy, transportation, tourism, healthcare, culture, and education. Additionally, they addressed the exchange of experience in digitalization.

 In 2023, trade turnover between Kazakhstan and Jordan grew 4.2 times, reaching $6 million, highlighting the significant potential for further economic ties. Kazakhstan expressed readiness to expand exports of non-resource goods to the Jordanian market across 15 product categories, including wheat and other agricultural products.

 Jordan, in turn, showed strong interest in importing Kazakh grain through alternative routes, including the Caspian Sea. Kazakhstan emphasized the importance of the Port of Aqaba as a gateway for its products to enter the Jordanian market and countries in the MENA region (Middle East and North Africa).

 Special attention was paid to industrial partnerships. Kazakhstan proposed that Jordanian companies participate in establishing enterprises in Kazakhstan for the processing of meat, grain, legumes, and other products.

 To strengthen business ties, the sides agreed to activate the Kazakhstan-Jordan Business Council and hold its next meeting in Astana in 2025. Additionally, bilateral trade and economic missions will be organized to facilitate direct interaction between business communities.

 

🔑 Key Highlights:

 1️⃣ Kazakhstan to expand non-resource exports to Jordan, including wheat and agricultural products.

 2️⃣ Jordan seeks to import Kazakh grain via alternative routes, including the Caspian Sea and the Port of Aqaba.

 3️⃣ The Kazakhstan-Jordan Business Council will be reactivated, with its next meeting planned in Astana in 2025.