Amman, June 24 (Petra) – President of the Economic and Social Council Musa Shteiwi took part in the Euro-Mediterranean Summit of Economic and Social Councils and Similar Institutions (Euromed 2025), held in Istanbul from June 23 to 24.

The summit was organized by the European Economic and Social Committee and centered on the "New Charter for the Mediterranean."

Participants discussed a draft document prepared by the European Commission aimed at establishing a unified regional approach and promoting cooperation and knowledge exchange among countries on both sides of the Mediterranean.

Speaking on behalf of the Union of Arab Economic and Social Councils during the opening session, Shteiwi addressed key shared challenges facing the Mediterranean region, including climate change, water scarcity, migration, and unemployment.

He emphasized the need for a unified strategy and called for launching institutional dialogue between Arab and European councils to develop joint agendas that support the region’s shared interests.

In a specialized session titled "Promoting Entrepreneurship in the Euro-Mediterranean Region," Shteiwi highlighted the role of entrepreneurship in Jordan’s economy, noting its importance as a key element of the "Smart Jordan" pillar in the Economic Modernization Vision.

He said entrepreneurship helps drive economic growth and provides high-quality job opportunities for youth and women, thereby advancing sustainable development. Shteiwi pointed to encouraging national indicators, including the presence of 40 business incubators and a 34 percent increase in early-stage entrepreneurship activity between 2023 and 2024.

Women’s participation in early-stage entrepreneurship also rose significantly from 11 percent in 2023 to 20 percent in 2024 alongside a growing share of entrepreneurs aged 18 to 34. He added that while most Jordanian entrepreneurs target the local market, 7.9 percent of early-stage ventures generate over 25 percent of their sales from foreign markets.

The Euromed Summit aims to reinforce regional cooperation between advisory and social institutions and to formulate cohesive responses to pressing economic and social issues in the Mediterranean.

//Petra// AO

24/06/2025 14:56:55