Jordan Enterprise Development Corporation (JEDCO) took part in the meeting of Arab textile and garments exporters and importers, which was held recently in Tunis.
The meeting was organized and financed by the Arab Trade Financing Program (ATFP) with the aim at promoting trade ties between Arab countries and enhancing Arab exporters' competitive capabilities.
The ATFP is a specialized multi Arab financial institution with a mission to contribute to the development of Arab trade and to the increase of the competitive capabilities of the Arab producers and exporters.
The Abu- Dhabi- based program was established in 1989 with a paid up capital of US$ 500 million. The Program's capital is contributed by 44 shareholders including Arab financial organizations, regional monetary funds, central banks as well as public and private banking institutions.
JEDCO Director Wael Al-Akayleh said a number of Jordanian companies specialized in textiles and garments took part in the meeting to increase national exports of textiles and garments to Arab markets.
''An international textile and clothing exhibition (TEXMED) was organized on the sidelines of the meeting,'' said Al-Akayleh.
He also added that Jordan's exports of garments in 2005 totaled JD 744.8 million, an increase of 5 percent. '' Garments accounted for 28.6% of the overall national exports'' he pointed Al Akayleh said.
The follow of foreign investments to Jordan is expected to double Jordan's exports of garments during the next five years.
JEDCO was established through decree of the council of ministers on 12 June, 2003 to legally replace the Jordan Export Development and Commercial Centers Corporation. The overall Goals are Trade Promotion, Export Development, Enterprises and Companies Development, and JEDCO's Organizational Performance Improvement and Development.
Jordan Enterprise Development Corporation
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