Amman, Nov 5 (Petra) — Estonian President Alar Karis on Tuesday inaugurated the Estonian-Jordanian Business Forum at the Association of Banks in Jordan.

He said the forum, bringing together Jordanian and Estonian leaders from the public and private sectors, aims to enhance economic cooperation and partnership between the two countries, pointing to the importance of common economic features between the two countries.

the president said an Estonian delegation accompanying him on his current visit to Jordan includes representatives of the energy, defense, health, technology, and mining sectors, in addition to engineering activities, stressing the need to come up with a mechanism to enhance the partnership between the two countries and exchange expertise in these fields through joint economic events.

During the forum, Investment Minister Muthanna Gharaibeh gave a presentation on key areas of Jordan’s economic modernization vision and investment incentives to attract foreign capital, including quality of education and financial services, in addition to free trade agreements the Kingdom signed with various world blocs and economies.

Gharaibeh also noted Jordan’s stable social, political and economic conditions that help meet the technology sector’s goals, in addition to economic flexibility, talent, cost competitiveness and accessibility to global economies to achieve sustainable growth.

The Kingdom has passed many laws in compliance with international obligations to protect intellectual property rights, including trade secrets and semiconductor chip designs, the minister said, noting Jordan is a signatory to the Paris Convention for the Protection of Industrial Property, the Patent Cooperation Treaty, and the Madrid Protocol, in addition to membership of the World Intellectual Property Organization.

Association of Banks in Jordan Director General Dr. Maher Al-Mahrouq said the forum is “an evidence of our shared goal and ambition to enhance economic relations and meaningful cooperation between Jordan and Estonia,” noting that the Jordanian banking sector plays a key role in boosting stability and growth in the Kingdom.

Through a wide range of credit facilities and specially designed financial products, Jordanian banks provide significant financing to vital sectors, such as industry, information and communication technology, tourism, trade, agriculture, and construction, he said.

The forum featured meetings between Jordanian and Estonian businessmen and representatives of various economic sectors.