Jordan, Hungary explore enhancing economic cooperation, enhancing trade ties.
The Jordanian-Hungarian Joint Committee convened its fourth session in Amman on Thursday to explore avenues for expanding bilateral economic cooperation, with a particular focus on increasing trade volume and leveraging investment opportunities across multiple sectors.
Minister of Industry, Trade and Supply Yarub Qudah said the committee meeting reflects the mutual commitment of Jordan and Hungary to boost collaboration in trade, investment, and other economic domains.
Qudah emphasized Jordan’s interest in advancing its economic relations with Hungary, particularly amid ongoing global political and economic challenges.
He also stressed the importance of fostering private sector engagement and establishing dynamic linkages between Jordanian and Hungarian businesses, pointing to “untapped” opportunities across regional markets.
He highlighted Jordan’s strategic geographic position, noting that foreign investment in Jordan requires collaborative efforts with capable institutional and private-sector partners an area where Hungary’s experience and capacities are highly valued.
In regards to education, Qudah praised Hungary’s initiative to provide 400 scholarships annually to Jordanian students over the next three years, describing the programme as a “vital” tool for cultural exchange and long-term bilateral engagement.
Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto stressed his country’s commitment to deepening economic relations with Jordan, calling for regular exchanges between business delegations and institutional stakeholders.
Source: Zawya