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Chinese Parliament delegation visit Jordan
2005/04/12

A delegation from the National Committee of the Chinese People's Political Consultative Conference arrived in Amman on Wednesday for a 4-day visit upon an invitation from Senate President Zeid Rifai. The delegation, chaired by Mr. Chen Kuiyuan, the committee's vice president, will met with Senate President Zeid rifai and Acting Speaker of the Deputies as well as officials from the executive and legislative authorities to enhance bilateral cooperation, especially in the parliamentary field. Mr. Chen explained the anti-seccssetion law approved by the Chinese National Congress. Senate President Zeid Rifai expressed his support and understanding of the issue and said the Jordanian Government and Parliament adhere to the One China Policy. The group held talks with the Chamber of Industry and Commerce and the Jordan Businessmen's Association to promote investment between the private sectors of both countries. The delegation was acquainted with the facilities and incentives Jordan offers to encourage and attract investment in various commercial and economic fields. Second Deputy Senate President Fayez Tarawneh and other senior officials received the delegation at Queen Alia International Airport.

On Thursday Presidents of the Jordan Chamber of Commerce and the Jordan Chamber of Industry met with the delegation. Discussions focused on means to boost joint investment and the two countries' commercial exchange volume. So far, the Kingdom has attracted $125 million in Chinese investment. During last year, the Kingdom's imports from China totalled $678 million while exports were at around $34 million. 

JIB acting chief highlights investment incentives to Chinese delegation. Jordan Investment Board (JIB) acting Chief Executive Officer Yousef Mansour also met with the delegation. Mansour briefed the delegation on the incentives provided to promote the investment environment and opportunities available in the Kingdom. So far, around $125 million worth of Chinese investments have benefited from the Jordan Investment Promotion Law. Mansour predicted the Kingdom's economic growth rate for this year to reach nine percent.

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