I can also see a Jordan that cultivates, honors and preserves the best parts of its historical and cultural past, while also remaining open to the best that the rest of the world has to offer. With specific regard to economic progress, I am convinced that Jordan s future prosperity hinges on its ability to apply international experience in a number of important areas. The recent special session of parliament marks an important step in this direction. The approval of new laws related to patents and intellectual property rights, among other issues, are essential in order for Jordan to take advantage of the international trade opportunities that WTO membership will confer. Jordan s progress on privatization sends a strong message to the rest of the world about its interest or lack of interest in attracting private investment.
Recent progress related to cement and the Aqaba railway is encouraging.
At the same time, some of the biggest challenges including in telecommunications and airways still lie ahead. Finally, the extent to which Jordan s commercial environment attracts or hinders business will go a long way toward determining Jordan s future economic prospects. I was struck by a recent article in the Arab Daily that recounted the travails of two prospective investors seeking to open a business. One case apparently involved approvals from no less than fifteen government ministries or departments. In the end, both businessmen decided against investing in Jordan.