China and Jordan sign MoU on jointly promoting construction of Belt and Road cooperation
NEWS AGENCY：
Xinhua News Agency
DATE OF NEWS：
December 1, 2023
On November 29, 2023, China and Jordan signed a Memorandum of Understanding (the “MoU”) to collaboratively advance Belt and Road construction.
The signing of the MoU will strengthen the connection between the Belt and Road Initiative and Jordan's economic vision for modernization. The MoU will also advance the bilateral cooperation in policy communication, infrastructure ties, trade, financial integration, and people-to-people exchanges, while providing an action guide for deepening practical cooperation in various aspects. With the implementation of this MoU, China is expected to work with Jordan to further align development strategies, promote economic, trade and investment cooperation, improve connectivity, and cooperate in more projects.
China and Jordan are natural partners in the construction of the Belt and Road and close partners in modernization in many aspects. In the first seven months of 2023, the bilateral trade between China and Jordan totaled $3.5 billion. China mainly exports electromechanical products, communication equipment, textile and clothing to Jordan, while importing potash fertilizer from Jordan. Both parties have also cooperated in many infrastructure projects, such as the Attarat oil shale power plant project.
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