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The signing followed a bilateral meeting between European Commission President Ursula von der Leyen and King Abdullah II of Jordan.
The EU and Jordan have a long and deep-rooted history of cooperation, based on the Jordan-EU Association Agreement and the Jordan-EU Partnership Priorities (2021-2027).
The partnership aims at upscaling this cooperation to better tackle common challenges. It also reflects the continued commitment of the EU to assist Jordan in facing the socio-economic impact of the Syrian crisis, and in supporting refugee and host communities in Jordan, a release from the EU said.
It will also open up further avenues for investments and enhance business opportunities for European companies by contributing to a more stable economic environment.
It will be complemented by financial resources worth €3 billion, comprising grants, public and private investments and macro-financial assistance.
The partnership will “increase security, stability and economic opportunities for Jordan and the EU, directly benefitting our citizens,” European Commission commissioner for the Mediterranean Dubravka Suica, who signed the partnership document, said.
The partnership is structured around five key pillars, two of which are human capital and economic resilience, trade and investment.
The EU will back structural reforms that drive growth and employment while maximising the potential of the free trade area. Focus areas include green transition, sustainable resource management, and expanded cooperation on digitalisation, innovation and entrepreneurship.
The EU and Jordan will work to bridge skills gaps, foster inclusivity and promote job creation. Initiatives will include support for quality education, vocational training and entrepreneurial development.
Fibre2Fashion News Desk (DS)