I’m glad to share my notes taken in the ‘Turkey – Jordan Interconnected Business’’
webinar which was moderated by Faruk AKBAL on 8th of July, 2020.
Firstly I would like to offer my thanks to Faruk AKBAL Chairperson of DEİK Turkey-Jordan Business Council, Ismail ARAMAZ Ambassador of the Republic of Turkey to the Hashemite Kingdom of Jordan, Hamdi TABBAA Chairman of Jordan-Turkey Business Council & Jordanian Businessmen Association (JBA), Dr. Khaled ALWAZANI Chairman of Jordan Investment Commission, Fareedon HARTOQA Secretary General of Jordan Investment Commission and all other valuable participants for organizing such a valuable meeting.
This meeting has been co-organized by DEİK, JBA and JIC, with the support of Turkish and Jordanian Embassies. The representatives of private sector from both Turkey and Jordan participated in the meeting. Generally 2 topics were discussed in this meeting, which are related to the real estate and food & agriculture sectors. While the Covid-19 disease turns into a global epidemic, blowing the whole world, many sectors are specifically damaged. Despite the difficult process, new collaborations are born as well as the new opportunities between two countries. Food, safety, health & medicine and e-commerce issues were the main ones. Turkey and Jordan are the two countries that have been tied with each other historically. While there was a Free Trade Agreement between the two countries until 2019, after that time, with the abolition of this agreement, mutual export figures decreased. As a result, we clearly see the importance of this treaty. These gatherings aim to have better relations through facilitating trade among them. Due to the abolition of the Free Trade Agreement and the global epidemic that broke out in early 2020, trade is expected to be at slightly lower levels this year. But such negative situations will never be an obstacle between these two countries. The commercial ties between Turkey and Jordan will become stronger than ever before with the commercial enterprises and raised awareness of business people.
It is known that Jordanian people are well-educated and they hold Turkish people in high esteem. It is seen that the economies of the two countries are not competitive, on the contrary, they are complementary with each other. Unfortunately, practical cooperation between the two countries is weak. This means, there is a disunity in the wishes of the two countries. Business people are indecisive about what kind of business they want to do in both countries. Business people should be informed that DEİK works in order to eliminate this congestion between the parties. The Jordanian people have great expectations from the Turkish side. They want to attract not only small-scale investments but also medium and large-scale investments. Business people who are unfamiliar with the market cannot be aware of such demands. Many sectors can be determined as an investment in Jordan. One of the important sectors that Mr. Ismail Aramaz, Ambassador of the Republic of Turkey to the Hashemite Kingdom of Jordan, explained and underlined in the webinar is the food processing and agriculture sector in general. Another critical information I obtained from this webinar is that there is no policy that restricts foreign investors in Jordan. Geographically, Jordan is not a country with extensive water beds and water resources. Therefore, the demand for agricultural products cannot be met domestically. The agriculture sector stands out as an investment opportunity in Jordan. Hashemite Kingdom of Jordan needs a new technology in water-saving for agricultural fields and they demand this from Turkey. They are ready to give many incentives to all future investors in the agricultural field. We know that we have many accomplished business people who will achieve successful works in this field with a good feasibility study.