In a move aimed at revitalizing economic ties, the Syrian Association for Businessmen and Businesswomen (SAB) and the Jordanian Association for Businessmen (JAB) signed a cooperation agreement in Damascus on Saturday, Feb. 14.
The agreement seeks to reactivate joint collaboration between the two sides, reaffirming a memorandum of understanding (MoU) originally signed in Damascus in 2009. The accord was formally signed by Haitham Joud, president of SAB, and Ayman al-Alawna, president of JAB.
Objectives of the New Accord
The agreement aims to enhance commercial, investment and broader economic cooperation between business leaders and investors in both countries. It also seeks to facilitate the development of joint projects across various sectors of mutual interest.
Under its terms, the two associations will collaborate in organizing events, conferences and business forums designed to strengthen ties among their members. The accord emphasizes expanding communication channels and networking opportunities, with both sides committed to providing the necessary support and encouraging member participation.
A key component of the agreement involves the exchange of information. The associations will share data related to trade and investment regulations, laws and other matters relevant to the business communities of Syria and Jordan.
Implementation and Support
Both associations pledged to take the necessary steps to implement the 2009 MoU and advance their shared objectives. This includes providing direct support to visiting business delegations and trade missions from either country, ensuring they receive appropriate facilitation to explore investment and partnership opportunities.
The Syrian Association, established in 2007, includes nearly 150 members. It aims to strengthen communication between the private sector and government institutions, advocate for an open economic environment and promote production and investment within Syria.
The Jordanian Association, founded in 1985 at the initiative of Jordanian business leaders and economists, represents a key pillar of the Kingdom’s private sector. The new agreement marks a further step toward institutionalizing and expanding economic dialogue between the two neighboring countries.
