AMMAN: The EU remains one of Jordan’s most important economic partners, playing a vital role in supporting the country’s economy through financial assistance, grants, and investments, Jordanian European Business Association President Ali Murad said on Saturday.
Murad described the Jordan-EU partnership as a “living model of constructive cooperation” that has helped Jordan confront economic crises amid regional and international challenges, the Jordan News Agency reported.
He also praised King Abdullah II’s “great efforts” to strengthen cooperation, particularly in the economic sector.
The JEBA president said that the partnership has witnessed “remarkable development” since the signing of a strategic agreement earlier this year, reflecting the EU’s commitment to supporting Jordan’s economic goals.
On Wednesday, the Cabinet approved a financing agreement and memorandum of understanding covering €500 million ($585 million) in EU financial assistance, part of a €3 billion package agreed for 2025–2027.
The package, signed in the presence of King Abdullah in January, includes €640 million in grants, €1.4 billion in investments, and around €1 billion in macroeconomic support.
“Through this financial package, the EU demonstrates its commitment to strengthening the strategic partnership with Jordan and its appreciation for the Kingdom’s pivotal role in the region,” Murad said.
He added that the agreement was a “significant step” in advancing Jordan-EU ties, with positive impacts expected on the national economy and treasury as implementation begins.
According to official data, trade between Jordan and the EU reached JD1.129 billion ($1.6 billion) in the first four months of 2025, up from JD1.025 billion during the same period last year.
National exports to EU markets rose 14.4 percent to JD143 million, compared with JD125 million a year earlier.