JEBA board of directors, Hungarian envoy discuss private sector cooperation

AMMAN — Jordan European Business Association's (JEBA) board of directors and Hungarian Ambassador to Jordan Csaba Czibere discussed on Tuesday economic and trade cooperation in the private sector.

The two sides highlighted the importance of activating a Jordanian-Hungarian economic committee and follow up on its articles. The two sides also stressed the need for enhancing economic cooperation and increasing trade exchange through boosting exports and making joint investments.

Czibere voiced Hungary's interest in maintaining economic cooperation with Jordan for its political and economic stability besides investment opportunities, noting that a number of Hungarian companies are interested in exporting goods to the Kingdom.

Vegetables, fruits, medicines, cosmetics, and wooden furniture are the most important exports to Hungary; whereas, Jordan imports cheese, medicines, corn, insecticides, and other goods from Hungary.

The cost of Jordan's exports to Hungary in 2014 stood at JD2 million compared to JD24 millions of imports. The two countries have signed many agreements and memoranda of understanding in the fields of health, water management, culture, scientific research, and investment protection and development.