Jordan is taking drastic steps to further strengthen trade relations with India.
Hamdi Tabbaa, Chairman, Federation of Arab Businessmen and Jordanian Businessmen Association, addressing the Joint Jordan-Arab-India Business Forum, urged Indian businessmen to invest in Arab countries, particularly in Jordan.
The Forum was organized by the Confederation of Indian Industry (CII).
Tabbaa noted that since Arab countries had taken up the reconstruction programs, the economy had risen around 6.7 percent and exports to the US had reached $400 billion in 2004.
He said that the free trade agreements (FTAs) with the US had helped the Arab trade to flourish and that this was the perfect time for Indian investments.
Indian exports including jewellery, textiles and precious metals, to the region had gone up to $12 million in 2004, while Indian IT companies exports to the Gulf countries also recorded to be around $170 millions per annum.
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