Jordan is ready to establish a joint free zone at the Karama border with Iraq to facilitate increasing flows of goods on border, said an official of Jordan's free zones authorities after a meeting with his Iraqi counterpart.
The free zone is expected to cover a few hundred dunums (1 dunum = 0.1 square km) of land bordering Iraq, said Mahmoud Qteishat, director general of Jordan's Free Zones Corporation, added that "As long as the security on the road from Amman to Baghdad keeps getting better, business will improve."
The trade momentum between Jordan and Iraq is "good" and is supposed to witness a sharp increase if the security is improved in the war-torn country, Qteishat said.
The idea was introduced two years ago by the Jordanian-Iraqi Higher Committee but delayed since the security situation in Iraq blocks the meeting of both sides.
Free zones in Jordan started in 1973 when a small free zone was established in Aqaba Port to develop international commercial exchange and serve transit trade.
Source:Xinhua
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